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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.

Hyundai Eon Launches in India from £3.5k

Hyundai Eon launches in India from around £3.5k No, reasonable though it would be to assume so, the Hyundai Eon is not a new electric car, but it is Hyundai’s answer to the best-selling small car in India – the Suzuki Alto. Launched on the back of a 900 Crore investment by Hyundai in development and production for the Eon (a Crore is 10 million Rupees, so that’s about £125 million) the Eon is a big push by Hyundai to make a big dent in the burgeoning Indian market. The Eon comes with an 814cc 3-pot 55bhp petrol engine – which won’t exactly have Indian buyers flying along at breakneck speeds – and offers properly decent styling, rather than the toy car styling of something like the Tata Nano.

Mini crossover to carry base price of $22,350

Mini's new Countryman crossover will start at $22,350, only $550 more than the three-door Clubman wagon. A well-equipped Countryman in a Cooper S trim with optional all-wheel drive will cost just under $30,000, Jim McDowell, head of Mini USA, said Wednesday during the media launch for the vehicle. The prices include destination charges, Mini said.