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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.

Ford announces new Kuga models

Slotting in as the base model is a 2wd 2.0 TDCi which has a Co2 output of just 159g/km. This is a crucial point for businesses when the regulations change in April 2009. By coming in at under 160g/km the new Kuga will be eligible for a 20% writing down allowance, as opposed to the 10% for cars over 160g/km.

OnStar tracks Santa on Christmas Eve

OnStar subscribers can request location-based “Santa updates” on Christmas Eve by pressing the blue OnStar button in their car. Santa's global route is trackable from 6 a.m. Eastern on Christmas Eve to 5 a.m.