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Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab 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.
Spyker B6 Venator Spyder on the way
Tue, 30 Apr 2013But much of that will probably depend on real buyers stumping up real money to get on the waiting list for a car we still don’t know a great deal about (in particular what underpins it) but which does look good and manages to encompass Spyker’s traditional styling cues whilst still conspiring to look very current. Now, buried amongst the latest financial report from Spyker – which shows no real turnover or profit, loans in to shares and an injection of cash from Youngman – comes the news that Victor is already getting a bit ahead of himself again with plans to reveal the B6 Venator Spyder later this year. That looks a bit of a ‘run before you can walk’ scenario for Spyker - especially as Victor says production of the C8 Aileron will gather pace this year and the D8 Peking-to-Paris SUV will be a priority – but if Spyker can produce a Venator Spyder that looks as good as the coupe it may be the right way forward.
Stolen Jaguar E-Type returned to owner after 46 years
Thu, 18 Sep 2014A Jaguar E-Type that was stolen from outside its owner’s New York apartment in 1968 will be returned to its rightful custodian 46 years after the car first went missing. Original owner Ivan Schneider described the outcome as a "miracle" – which it sort of is, when you find out the full story behind the finding of his classic E-Type. Click on the image above to read more about the stolen Jaguar E-Type