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Saab plea for Court Protection dismissed – owes €150 million to creditors

Saab denied Court Protection - there seems no way out We hoped Victor Muller had found a way out of Saab’s financial woes by applying to the Swedish Courts for protection from its creditors while it waited for funds from China to arrive. But the application has hit a brick wall. The district court in Vanersborg said in a statement that there was no reason to believe protection and reorganisation would work for Saab.

007's Lotus Esprit Series 1 submarine car to be auctioned

The famous Lotus Esprit Series 1 submarine car from the “The Spy Who Loved Me” will be up for grabs at RM Auction's Battersea Park, London event slated for Sept. 8 and 9. Every James Bond fan loves the use of Jags, Lotuses and, of course, Astons in the famous franchise, and now you'll have the chance to fulfill your fantasy of being Bond by putting one in your garage -- or at least your boathouse.

Kia KV7 Gullwing Concept at Detroit

The Kia KV7 Concept - will show at the 2011 Detroit Motor Show We’ve got used in recent years to the Koreans - in the guise of Hyundai and Kia – presenting more and more credible concepts which go on to become equally credible production versions. So the news that Kia are taking a new concept to the Detroit Motor Show in January – the Kia KV7 Concept - is something we should probably take quite seriously as a pointer to a new model. The fact that Kia allude to the production versions of cars like the Kia Soul and Kia Sportage being close in style to the concepts that preceded them in their press release on the KV7 also makes it an extremely strong possibility that the KV7 Concept is pointing to a new model from Kia.