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Saab plea for Court Protection dismissed – owes €150 million to creditors

Saab denied Court Protection - there seems no way out We hoped Victor Muller had found a way out of Saab’s financial woes by applying to the Swedish Courts for protection from its creditors while it waited for funds from China to arrive. But the application has hit a brick wall. The district court in Vanersborg said in a statement that there was no reason to believe protection and reorganisation would work for Saab.

2009 Nissan GT-R upgrades confirmed

We’ve been seeing quite a lot of guess work and speculation lately about 2009 changes to the supercar killer that is the Nissan GT-R. And all this before the UK even gets its first car. The most speculated upon change, and one that has been confirmed, is the deletion of launch control from the spec for all cars ordered from today.

Saab halts warranty coverage

Saab has suspended warranty coverage on all of its vehicles in North America. Additionally, new vehicles must be sold "as is," the bankrupt Swedish automaker told its dealers. However, General Motors, Saab's former owner, said Tuesday it would honor warranties on all models sold when it owned the Swedish automaker.