Swedish court rejects Saab creditor-protection plea; Saab will appeal

A Swedish court on Thursday rejected an application by ailing carmaker Saab for protection from creditors to give it breathing space to solve a cash crisis and get funds from Chinese investors. The Vanersborg district court in western Sweden said in a statement on its Web site that there was no reason to believe a new creditor protection process, known as a reconstruction, would work. Saab said in a statement that it is disappointed with the ruling and will appeal the decision.

MG Dynamo EV Concept debuts at SMMT

The MG Dynamo EV Concept (pictured) is on display at the SMMT MG may not be what it once was (which you can take either way), but as a marque MG is 90 years old. As part of celebrations for the 90th birthday of MG, there’s an exhibition of MG’s models at the Society of Motor Manufacturers and Traders (SMMT) offices in London this week, which include a global debut for an electric MG city car. The MG Dynamo Concept is MG’s vision of an electric city car which, say MG, encompasses “the latest in design and engineering technology”.

Mercedes 'Aesthetics S' sculpture (2012) previews S-class

Mercedes is previewing its next 2013 S-class flagship, but not with a concept car or series of shadowy teaser shots. No, Merc has instead opted to create a sculpture showing the profile of the next S-class. It's titled 'Aesthetics S', and together with its 'exciting projection display', it'll be shown at the 2012 Paris motor show later this month.