Vdo Viewline Wastewater Level Blackwater Gauge Boat 52mm 2" Black A2c59512342 on 2040-parts.com

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.

Mercedes Concept Style Coupe (2012) - aka CLA

Mercedes will show the Concept Style Coupe at the 2012 Beijing motor show next week. It's a thinly veiled look at a compact coupe spun off the Merc A-class architecture - likely to wear the CLA badge. In essence this is our first look at the shrunken, baby CLS Daimler plans to launch in 2013 - and the CLA production version will be priced around £20,000.

Panoz confirms new Abruzzi road car

The recurring rumor is now put to rest. Don Panoz, founder of Panoz Auto Development and the American Le Mans Series, said on Monday that the latest Panoz sports car--the Abruzzi “Spirit of Le Mans”--will be formally unveiled in June in France, in the lead-up to the 24 Hours of Le Mans. “We wanted to wait until Le Mans to release official photos of the car, but today we are providing a ‘teaser’ image of the Abruzzi ‘Spirit of Le Mans’ that hints at what the final car will be like,” Panoz said.