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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.

Skoda Octavia & Skoda Superb go 4×4

The Skoda Octavia gets 4x4 and DSG 'box We had a shout out for Skoda and what they do to make VW product their own when we ran story the other day on the new advert for the Skoda vRS, which shows how individual and inspired Skoda now are. Most of the time, anyway. Not only are Skodas inspired and individual, they are also something of a bargain compared to their VW brethren.

BMW shows off first F30 335i racing machine

When one's thoughts get to meandering and said meanderings lead to Bavarian racing machines, BMW's M cars are often first to mind. But the first race car built on BMW's new F30 bones is actually a 335i. Given that the new car's stock turbo six cranks out power similar to that of the naturally aspirated screamer in the 2001-06 E46 M3, building a dedicated rennsport machine from a non-M 3-series doesn't seem like the great loss of opportunity it once could've been.