Honda Stream 2001 Other Lamps [1869200] 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.

Concept Car of the Week: Lincoln Indianapolis Boano Coupé (1955)

There is always a plethora of wonderful cars on display during the Pebble Beach Concours d'Elegance, and also some not so wonderful, like the Spyker B6 Venator and Laraki Epitome. This year, one of the cars stood out with its bright orange color and unusual styling – the Lincoln Indianapolis Boano Coupé. In 1953, after nine years spent leading the famous Carrozzeria Ghia, Felice Mario Boano left to focus on his own enterprise: Carrozzeria Boano.

Ford performance-vehicles boss jumps to Volkswagen position

Jost Capito, Ford's global performance-vehicles and motorsports chief, is jumping to Volkswagen to run the German automaker's motorsports operations. Ford is in the process of launching high-performance versions of some of its newest cars, including the Focus ST. The company also has a version of the Fiesta ST as a concept.