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Saab gets approval for voluntary reorganization on appeal
Wed, 21 Sep 2011...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.
Private Toyota Friend social network lets owners talk to their cars and each other
Mon, 23 May 2011Toyota is launching a social-networking service that will enable owners to engage in verbal dialogue with their Toyota cars. They can share the exchanges in the network and broadcast them via Facebook and Twitter. According to the Associated Press, Toyota is teaming up with U.S.
Peugeot Prologue concept (2008): first photos
Tue, 16 Sep 2008By Ben Pulman First Official Pictures 16 September 2008 11:14 This is Peugeot’s Prologue, a Paris motor show concept that preview 2009’s 3008 MPV. It’s another dot-dot-dot concept to join the RC, but the Peugeot Prologue is production ready. There’s a big egg-crate grille, boomerang rear lights and a full-length glass roof, but apart from toning down the big bumpers and sills, the Prologue should become the 3008 MPV with few other exterior tweaks.