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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.

Northumbria University Degree Show 2007

Students graduating from the Northumbria University BA (Hons) Transportation Design course based in Newcastle in the north east of England have shown their work in London in the exhibition 'Forming Emotion'. Held in Brick Lane as part of the 'Free Range' series of summer Art and Design shows, the exhibition of thesis projects featured a combination of scale models and 2D presentations of digitally-developed models. Making an Entrance Neil Morley In the golden age of the 1930s Rolls-Royce represented the epitome of style and glamour and the exclusive mode of transport for stars of the silver screen and wealthy magnates.

Toyota's incoming chairman wants new Supra

Toyota Motor Corp.'s incoming chairman said he wants the sports car the company is developing with BMW to be a midsized vehicle comparable to the discontinued Supra. Toyota's next sports car should be like the Supra so that it doesn't overlap with the 86 coupe, Takeshi Uchiyamada said in an interview today in Osaka at a gathering of members of the Keidanren, Japan's biggest business lobbying group. Still, such decisions are up to engineers, Uchiyamada said.