Volkswagen Oem 1k0511409ca Stabilizer Bar 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.

Ford offers $1 million in automotive design scholarships

After the passing of William Clay Ford Sr., Ford has announced that they will honor his memory and his contribution to the automobile with the creation of scholarships for automotive design students. William Clay Ford Sr., the last grandson of Henry Ford, died last week at the age of 88. Ford worked at the company that bears his name for 57 years, serving as chairman of the design committee for 32 of those years.

Ford C-Max (2010) MPV scooped

By Tim Pollard First Official Pictures 03 September 2009 09:00 CAR's scooped the new Ford C-Max, coming to a showroom near you in 2010 complete with sliding doors for the first time. Our new spyshots reveal the sliding doors on next year's C-Max, which will improve practicality for families and parents armed with buggies and carry cots. Sources suggest that the sliding doors will be reserved for a longer wheelbase seven-seater C-Max, leaving the regular car with conventional doors and five seats.