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Swedish court rejects Saab creditor-protection plea; Saab will appeal

A Swedish court on Thursday rejected an application by ailing carmaker Saab for protection from creditors to give it breathing space to solve a cash crisis and get funds from Chinese investors. The Vanersborg district court in western Sweden said in a statement on its Web site that there was no reason to believe a new creditor protection process, known as a reconstruction, would work. Saab said in a statement that it is disappointed with the ruling and will appeal the decision.

Women are now the driving force in cars

WOMEN now account for more than half of all driving licence holders in the USA and the UK is set to follow this example by 2016. Younger women drivers are helping to boost the number of female driving licence holders around the world, but older women drivers are also growing in number. The number of males applying for a new driving licence has declined in the last three years, but the number of women applying for a driving licence has gone up by 2.5%.

Citroen Launches DS3 Design Competition

Citroën's recently launched DS3 is already infinitely customizable, offering a multitude of options to enable buyers to personalize their vehicles. Now the French automaker is inviting creative visionaries to customize the roof and dashboard of the new car in an international design competition. Appropriately called the DS3 Design Competition, the contest is open to both budding and experienced designers – anyone wanting to offer their own unique interpretation of the DS3's roof and dashboard.