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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.

GM to pull Cadillac from some European markets

General Motors will halt Cadillac sales in more than half of the brand's European markets following the collapse of its regional distributor. The U.S. carmaker will focus on markets such as Russia, the United Kingdom and Switzerland where the luxury brand has been able to compete against Germany's BMW, Mercedes-Benz and Audi premium brands.

Mercedes GLA – the new A Class SUV/Crossover – caught on video

The small Mercedes SUV / Crossover based on the new A Class – the Mercedes GLA – has been caught on video out testing. Mercedes already has a hit on its hands with the new A Class (it’s sold 100,000 already) but there are more variants of the new A Class to come including the new CLA – the baby CLS – and the car we have here – the Mercedes GLA SUV / Crossover. Based on the same platform as the new A Class, the GLA is a new Mercedes niche aimed at the growing compact SUV market, just like the new Volvo V40 Cross Country.