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Saab gets approval for voluntary reorganization on appeal

...and Victor Muller smiles Victor Muller never says die, and the news that Saab has, after all, been granted the right to court protection from its creditors for a period of reorganisation has vindicated his stubborn refusal to give up on Saab. The Court of Appeal in Gothenburg has this morning overturned an earlier judgement by the District Court in Vänersborg which rejected Saab’s application to get the court’s protection during a period of ‘reorganisation’, which you can read as ‘Waiting for the dosh to arrive from China’. The news last week that Rachel Pang – a director of Pang Da, one of Saab’s putative investors – has come out in a very bullish way about the prospects for the investment by Pang Da and Youngman getting the final rubber stamp from China’s NDRC in Beijing won’t have harmed Saab’s case one bit.

New Porsche 911 Club Coupe revealed

New Porsche 911 Club Coupe - just 13 being made Porsche built its first car in 1948 and it took just four years for the very first Porsche Club to arrive - Porsche Club Westfalen. To celebrate 60 years of Porsche Clubs, Porsche is building a very limited edition 911 – the Porsche 911 Club Coupe – which will be revealed at  the opening of a special exhibition at the Porsche Museum in Stuttgart tomorrow – 26th May 2012 – and just thirteen 911 Club Coupes are being built. Although the collaboration between Porsche Clubs and Porsche Exclusive will yield thirteen cars just twelve will be up for grabs and they will be allocated by ballot, with the thirteenth car staying in the Porsche Museum.

Caterham CDX Limited Edition: first pictures

By Dimitri Pesin First Official Pictures 10 June 2008 16:03 Caterham has returned to its K-series roots with a new version of its Seven, dubbed the CDX Limited Edition. Not a catchy moniker perhaps, but the new car has been built to commemorate 15 years of the Caterham Driving Experience (CDX) – the track days where you can drift or slalom a Seven. As well as the gloss black paint, plus decals along the sides mimicking the CDX cars, the big news is the return of the K-series powerplant delivering 135bhp through a five-speed ‘box.