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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.

Ferrari LaFerrari la spotted la testing on la road

Yesterday, we received an e-mail from Hendrik Nuyens, who you may know as a member of the Dutch rock band brainphArt. It seems Nuyens recently caught Ferrari's idiotically named LaFerrari testing on the open road near Fiorano. Even if the name is dumb, the LaFerrari's specs are impressive.

Kia Sportage Scottish Car of the Year

The Kia SPortage - Car of the Year 2010 in Scotland. You'd never have guessed from the photo It sounds from all accounts as if it was a jolly day out north of the border for PRs from across the motoring industry, all travelling to the land of the long thistle for a spot of light refreshment and back-slapping. Car of the year as far as the Jocks are concerned is the Kia Sportage, the separated at birth twin of the Hyundai ix35.