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Swedish court rejects Saab creditor-protection plea; Saab will appeal

A Swedish court on Thursday rejected an application by ailing carmaker Saab for protection from creditors to give it breathing space to solve a cash crisis and get funds from Chinese investors. The Vanersborg district court in western Sweden said in a statement on its Web site that there was no reason to believe a new creditor protection process, known as a reconstruction, would work. Saab said in a statement that it is disappointed with the ruling and will appeal the decision.

2014 Porsche Cayman gets a performance-testing iPhone app

To promote the new 2014 Cayman, Porsche has cooked up an iPhone app called “Cayman Code of the Curve.” You're probably already rolling your eyes at the prospect of another automaker app that is little more than a downloadable advertisement, but this seems to be something different -- the app is designed to record your driving performance in real-time and then share results with friends. Porsche enthusiast site flatsixes.com has an exclusive first look at the app, which is still in development but is reported to be coming “soon.” Based on preliminary screenshots provided by Porsche, the app instructs users to set up a variety of courses -- cone slalom, autocross and reaction-time challenge courses are shown -- then uses the iPhone's internal accelerometer and GPS receiver to track and record your performance. You'll also be able to use the app's “record your curve” function to share favorite drives with friends on Facebook.

New VW Taigun SUV Concept moves production reality closer

The latest VW Taigun Concept (pictured) debuted in New Delhi The VW Taigun Concept – a new, very compact, SUV based on up! underpinnings – first made an appearance at the Sao Paulo Motor Show in Brazil in 2012 and looked to be not only convincing, but heading for production. By spring of 2013, VW’s Klaus Bishoff was saying the Taigun would go in to production and not just for emerging markets but for the UK and Europe too.