Porsche 356 912 Euro Heater Box 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.

Mercedes' GLK problem: Too many high-end models in the U.S.

Mercedes-Benz has adjusted option packages on its new GLK-class premium SUV to help cope with an oversupply of high-priced versions. Ernst Lieb, CEO of Mercedes-Benz USA, said the company exported too many high-end models for the January U.S. launch.

GM sketches out order deadlines for 2012, 2013 Chevrolet Corvettes

We've already told you how General Motors plans the honor the 60th anniversary of the Chevrolet Corvette with a special trim package for the 2013 model, along with the fire-breathing 427 convertible. But GM has given Chevy dealers the heads-up on its production plans. In short: Buyers have less time than usual to place their orders.