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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.

Samsung SM5

Samsung Motors, the Korean subsidiary of Renault-Nissan Alliance, recently released the newly-redesigned SM5 sedan for the Korean domestic market. Based on the Nissan Teana, the SM5 is the second best-selling vehicle in Korea's D1 segment, ceding the top spot to Hyundai's Sonata. The most significant change to the exterior design is visible around the front bumper region, where the strong 'chin' (lower section of bumper volume) displays both solid and aggressive styling cues when viewed from the front.

Ford Focus (2012) - the best-selling car in the world

Ford's Focus has overtaken the Toyota Corolla in the sales charts. Unremarkable, you might say? Not when you realise this is the global sales mantle, making the Focus the best-selling car name on the planet in the first half of the year.