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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.

New Honda NSX. Will it arrive at Detroit as the Super Sports Concept?

New Honda NSX - will it arrive at the 2012 Detroit Motor Show? The new Honda NSX is reported to be debuting at the Detroit Motor Show in January 2012, featuring a 3.5 litre hybrid powertrain. We ran a similar story less than two months ago when we asked if the new Honda NSX would be at this week’s Tokyo Motor Show.

BMW adds 3-series GT to 2014 lineup

The BMW 3-series family is growing, as the German automaker adds a GT, or Gran Turismo, model to its lineup. The car launches this summer as a 2014 model after a reveal at the Geneva motor show. The 3-series GT is 7.9 inches longer, has a 4.3-inch longer wheelbase and is 3.2 inches taller than the existing 3-series wagon.