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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.

Ferrari World Abu Dhabi: more news and pictures

The Formula 1 circus has descended upon Abu Dhabi for the finale of the 2009 championship this week, and when the GP crowd returns in 2010 alongside the track will be Ferrari World, a Ferrari-influenced theme park. It's been delayed slightly, but CAR Online has the latest update on the potentially record-breaking theme park being built next to the F1 circuit on Yas Island. According to the designers, not only will Ferrari World be the largest indoor theme park on Earth, but it will also house the fastest roller coaster.

‘Lamborghini’ Ferruccio (2008) first official pictures

By Mike Elwin First Official Pictures 01 April 2008 10:57 This is the Lamborghini that never was: the stillborn Ferruccio project that has just been put on ice owing to a lack of orders. Designed by Italian coachbuilder Magvisio, the Ferruccio was a rebodied Murcielago LP640 and would have been faster than any current car wearing the Lamborghini badge, with a claimed top speed of 230mph. Although not an official Lamborghini project, Sant'Agata was monitoring the scheme ‘with interest’, according to its creators.Magvisio specialises in customisation jobs for private clients, and the Ferruccio was to be its first stab at designing a car from the ground up.