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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.

Lexus releases first photo of LF-Lc hybrid coupe concept

Lexus LF-Lc Concept - now it's official (click photo for full size) After a leak this morning of a picture of the Lexus LF-Lc Concept, Lexus has decided to be pragmatic and reveal an official photo. After Lexus plans to tease us with their new Detroit Concept were left in tatters this morning when a photo of the LF-Lc Concept leaked from a magazine cover, Lexus has decided to bite the bullet and release an official photo of their new concept car. Just the one, mind you, although we’re sure more will crop up in the coming days.

Auburn spring auction includes car collector panel

Visitors to the Auburn Spring Collector Car Auction will get a treat in May when Reggie Jackson, Major League Baseball Hall of Famer; Wayne Carini, host of HD Theater's Chasing Classic Cars, and concept-car expert Joe Bortz take part in a panel discussion about the world of the collector car. The panel discussion will take place at the Auction Park Arena in Auburn, Ind., on May 14 at 9 a.m. before the auction starts.