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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.

Audi Space Frame comes full circle at Frankfurt motor show

Audi is celebrating the 20th anniversary of the ASF, or the Audi Space Frame. After all, it was at the 1993 Frankfurt motor show that Audi wowed the world with the innovative all-aluminum Audi A8 prototype. And now, 20 years later, more than 750,000 cars have been built using this technology.

Texas mulls upping speed limit to 85 mph

Texas and Utah are the two states that have 80-mph posted speed limits. But Texas wants to up the ante to 85. State officials are considering changing the limit on Highway 130, which runs between San Antonio and Austin.