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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.

Ken Block plays with a MK II Escort!

Ken Block goes out to play with a 1978 MK II Escort Early Ford Escorts were capable of more smiles per mile – certainly on a budget – than anything else on the road at the time. My earliest fun with an Escort was even earlier than this in an Escort Mexico – which was a white, 1974 model. Huge fun and very quick by the standards of the day.

Vauxhall to launch sub-£7k city car

Vauxhall is believed to be working on a budget city car to rival the Toyota Aygo, Peugeot 108 and Citroen C1 trio unveiled earlier this month at Geneva. According to Auto Express, the new small hatchback will be based on the Chevrolet Spark platform and will start at less than £7,000 – undercutting the firm’s current Adam model by over £4,000. On Bing: see pictures of Vauxhall city cars Find out how much a used Vauxhall costs on Auto Trader If you’re expecting a bland box on wheels like the Agila, don’t fear – as Vauxhall has reportedly said the new car will “have its own distinct personality”.