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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.

AW Design Forum: Icon Aircraft banks on design and performance

Icon Aircraft is hard evidence that design can be a difference maker. The startup company plans to launch the Icon A5 amphibious aircraft by late 2011, and its eye-catching design and versatility--it can bank on water and fly--has created a stir among enthusiasts of all stripes. Its philosophy is simple: "Is it badass?

2012 SEAT Ibiza facelift arrives in the UK – and with a price drop

The 2012 SEAT Ibiza facelift arrives in the UK With the Geneva public debut for the SEAT Ibiza facelift, the titivated Ibiza arrives in the UK with a small price drop. SEAT revealed a facelift for the 2012 Ibiza in January and debuted it last week at the Geneva Motor Show. But with that out of the way it’s now time to get the order book for the new Ibiza buzzing, and a price drop is not a bad way to do it.