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Saab seeks court protection from creditors

Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.

CAR interviews Dany Bahar on the crisis at Lotus (2012)

CAR yesterday sat down with Dany Bahar, the chief executive officer of Lotus Cars, to discuss the company's financial situation. He talked about the recent takeover of parent company Proton by DRB-Hicom and what it means for Lotus, the financial performance of Hethel and the latest on plans to launch the new Esprit supercar and all the other new Lotuses in the pipeline. Read on for CAR Magazine's full interview with Dany Bahar, split over the next three pages.

Alfa Romeo reveals new 1.8 litre turbo engine with up to 300bhp

New Alfa Romeo 1.8 litre turbo engine - destined for the Alfa 4C Alfa Romeo are on something of a push to make themselves seem a viable part of the Fiat setup, with a plan to push hard in to America (although that keeps getting delayed) and new product on the horizon. One of those new products is the Alfa 4C which we expected to get a version of the existing Alf 1750 lump with around 250bhp. But it looks like that’s not going to be the case after all.