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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.

Alfa Romeo 4C Concept video – lest we forget

Alfa Romeo release an Alfa 4C Video One of the most appealing cars at this year’s Geneva Motor Show was the Alfa Romeo 4C, a good-looking, mid-engined, 2-seater coupe. Better still, Alfa let it be known that this 4C Concept wasn’t just for fun, it was on the way to a showroom near you. In fact we believed the Alfa 4C was the car that would be the halo model for Alfa Romeo’s return to the American market, at that time expected to be in 2012 but, as we reported recently, that plan is going a bit awry.

Bugatti sells its last Veyron

Bugatti has sold the last of its 300 Veyron 16.4 supercars. The customer of the final Veyron is based in Europe and is new to the Bugatti marque. Bugatti Veyron: the controversial king of the supercar world Volkswagen Group picked up the Bugatti name in 1998, following the 1995 bankruptcy of Romano Artioli's Modena-based Bugatti factory, which had produced the EB110 quad-turbo V12 supercar.