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Saab enters Court Protection – just as we predicted

Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.

Michelin Announces Finalists for 2011 Challenge Design Competition

The following designers' vehicle concepts will be displayed in the Michelin Challenge Design exhibit from January 10-23, 2011: Colin Pan, China Sang-June Lee, Kyung-Kuk Kim, Seoung-Bin Lee, South Korea 2:1 Industrial Design Team, Brazil Ramon Ramirez, Mexico Carlos Arturo Torres, Colombia Hui Wang, China Sergio Andres Ortiz, Colombia Lukas Kuba, Czech Republic Gunwoong Kim & Suji Kim, South Korea Attila Tari, Hungary Sadegh Samakoush Darounkolayi, Afghanistan Kyu-Hyun Lee, Sol Lee, Hae-Won Jo, South Korea David Cardoso Loureiro, Belgium Ralph Tayler-Webb, United Kingdom Antti Eskeli, Finland Kyoung Soo Na, South Korea Federico Beltran, Ivan Orozco, Edmundo Platt, Mexico Eduard Gray, Sweden Cristian Armando Polanco Sosa, Guatemala Artem Afanasev & Aleksey Kazakov , Russia Shinsuke Aizawa, Japan Jordie Lewis, Canada Xiaowu Huang, China Zhi Min Lin, China Pai-Ching Hu, Taiwan Peixin Li, China Mike Simonian, Maaike Evers, Laure Garreau, USA Gabriel Wartofsky, USA Dario Alejandro Narvaez, Colombia Andrey Alekseev, Russia Marko Lukovic, Serbia Mohammad Ghezel, Iran Hugo Carlos Fernandez, Spain Thierry Dumaine, France We'll bring you more on the finalists' work when we see them on display at the NAIAS next week. But in the meantime, if you'd like to have a chance to see your design shown at the NAIAS next year, enter the 2012 Michelin Challenge Design competition. Pre-registration for the 2012 competition is open until 4 March 2011. Visit the competition website by clicking on the link below: Michelin Challenge Design 2012 Related Articles: Michelin launches 2012 Challenge Design competition Four CCS students win awards in 22nd annual Michelin/CCS competition

50 Years of the BMW 'Neue Klasse'

In a year that sees the celebration of the ever-seductive Jaguar E-Type and the characterful Renault 4, it would be easy to overlook other cars also reaching their half-century, especially a mundane three-box saloon. However, the BMW 1500 isn't any less significant. When launched at the 1961 Frankfurt International Motor Show, intrigued and inquisitive visitors were forced to wait 30 minutes just to catch a glimpse of the car.