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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.

BYD aims to bring electric vehicle to North America by 2011 or 2012

Chinese firm BYD Auto is aiming to bring at least one electric vehicle to North America by 2011 or 2012, and is considering building an assembly plant in the United States, it said Monday at the Detroit Auto Show. The automaker showed the e6, an electric vehicle, and two other hybrid cars at the show. The e6 has room for five and has a range of 250 miles, BYD says.

New McLaren 625C on the way – is this P13 or a re-badged McLaren 12C

Is the McLaren 625C a replacement for the 12C (pictured). Or is it P13? What is the McLaren 625C?