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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.

Government to trial electric cars

Cabinet ministers could soon swap their luxury limousines for electric vehicles, in a bid to set an eco-friendly example. A Whitehall source told the London Evening Standard that electric car trials are likely to start as soon as spring. On Bing: see pictures of electric cars Find out how much a used electric car costs on Auto Trader London currently boasts a network of 800 charging points – but three out of four went unused in 2012.

Who's Where: Peter Jones appointed Lincoln Interior Design Manager

Lincoln has appointed Peter Jones as the luxury brand's new interior design manager, a role he will take up within the next few weeks. Jones, who has worked at Ford Australia's design studio for seven years, will report directly to Max Wolff, a former colleague who moved in January 2011 to become Lincoln's Design Director. The Australian designer was interior design manager for the new Ranger and also worked as lead exterior designer on the FG Falcon Ute.