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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.

Google reveals its first self-driving car prototype (video)

Google’s first self-driving car prototype (pictured) Google might not be the first company that springs to mind as a car maker, but Tesla has already proved that Silicon Valley can produce a car that buyers want and Google are intent on following a similar route. But where Tesla’s USP is its long-range electric capabilities – and a desire to build cars for the market – Google’s goal is more technology orientated and is all about developing self-driving car technology that works in the real world. For the last few years, Google has been experimenting with existing cars kitted out with self-driving gubbins, but now they’ve taken the next step and built their own self-driving prototype.

Chery Shooting Sport concept

Chinese manufacturer Chery will be presenting the Shooting Sport concept at the Shanghai Motor Show this week. The Shooting Sport was designed and constructed by Torino Design in Italy, as with the recent Coupe and SUV shown at the Beijing Motor Show. The car is a compact, front wheel drive, four seater + luggage, three door 'wagon-coupe' offering space and flexibility.