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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.

Asda sparks new fuel price cuts

SUPERMARKET Asda has sparked a likely petrol price war by announcing further cuts. Asda said that drivers filling up at its forecourts from tomorrow (Wednesday) will pay no more than 126.7p a litre for petrol, with diesel priced at 133.7p. Jeremy Walton, head of petrol trading at Asda, said: "Our shoppers don't have to figure out complicated deals and collect vouchers to get the best price; they simply pay what they see at the pump.

Lexus CT 200h: On sale now +video

Lexus CT 200h - Now on sale in the UK We’ve covered just about all there is to be covered on the Lexus CT 200h. Everything from back when it was a very gold Lexus LF-Ch on through the launch and right up to the release of the CT 200h UK prices. So we thought we may as well go the whole hog and let you know how keen Lexus are to make it clear that the CT 200h is now actually on sale in the UK.