4 Parking Sensors Car Backup Reverse Radar Led Rearview Buzzer Sound Alarm Kit 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.

VW Golf GTI (2013) first pictures of Mk7 GTI

VW's evergreen Golf GTI hot hatch is back for the seventh time, sporting its highest-ever power output, performance and economy. You can choose a regular 217bhp GTI or upgrade to 227bhp with a 'performance pack', and fuel economy is said to be 18% better than the Mk6 GTI's. It's on sale this spring, priced around £26k.

Lotus sues Dany Bahar for £2.5 million

Lotus are suing ousted CEO Dany Bahar for £2.5 million to recover the cost of his expensive lifestyle billed to Lotus. It seems DBR-HiCom, new owners of Proton (which own Lotus), took one look at the mess in Hethel and dumped Bahar, replacing him with engineer Aslam Farikullah to try and re-focus Lotus on its core products and engineering instead of pursuing Bahar’s fantasy of churning out the biggest range of luxury supercars of any car maker on the planet. That ousting led to Bahar issuing proceedings against Lotus for £6.7 million in August for wrongful dismissal (which gives you some idea of Bahar’s estimate of his own worth).