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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.

Lincoln is promised a unique line

Lincoln vehicles will be dramatically different from Ford brand products, Ford Motor Co. executives said last week. "The strategy isn't just new products, but full differentiation from the Ford brand in not only design but in technology," Derrick Kuzak, Ford's group vice president of global product development, told a group of auto analysts at the Detroit auto show.

Smart ForTwo (2015): it's the Smart Mk3

By James Clark First Official Pictures 16 July 2014 19:30 Daimler this evening unveiled the new 2015 Smart ForTwo - the third iteration of the world's most recognisable city car. Retaining many of the details that made the original ForTwo so popular, the new Smart features all-new tech with a fundamentally new architecture. City driving is the ForTwo’s bread and butter.