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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.

Hot turbo engines for BMW's 3-Series

By Angus Fitton Motor Industry 11 August 2006 10:36 Three new six-cylinder engines are joining the BMW 3-Series range. Top of the pile – until the V8 M3 arrives – is the 335d, which runs the twin-turbo 3.0-litre diesel engine offered in the 5-series. An explosive 428lb ft of torque (that's more than the V10 M5) and 286bhp means it can surge to 62mph in only 6.2sec.

UK new car registrations beat 2012 total – a month early

New car registrations rose by 7% last month, the best performance in almost a decade – and a rise that has seen the total registrations for 2012 already beaten with a month still to go. 159,581 new cars were registered last month, taking the year to date total up to 2,111,819. This easily tops the 2,044,609 new cars registered in 2012.