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Saab enters Court Protection – just as we predicted

Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.

Autoweek in review: Supercars galore, revving up for U.S. GP, C7 Corvettes and the Best of the Best

The week started out in supercar heaven with the reveal of the Lamborghini Aventador roadster and our video review of the stunning 2013 McLaren 12C Spider. Both of these European rockets sticker on the north side of a quarter million dollars. Tuesday brought us C7 Corvette spy shots, hidden in the video game Gran Turismo 5.

Fiat to spend big, dump the Punto & revive flagging fortunes by going upmarket

Fiat Punto to be axed as Fiat moves upmarket Fiat are having a very rocky ride as the Italian economy lurchges from one crisis to another. But Sergio Marchionne has a plan to put Fiat back on track. Spending of €9 billion over the next three years is planned to revive production in Italy, rationalise the Fiat range and continue to push upmarket with Maserati and Alfa Romeo.