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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.

Funding sought to restore WWI lorry

AN APPEAL has gone out for funding to complete the restoration of a three-ton lorry used in the First World War which is the last of its kind left. The Coventry-built Maudslay vehicle was one of more than 1,700 Maudslays that saw service in the Great War. Coventry Motor Museum which purchased the vehicle 14 years ago now needs to raise £5,000 to put the finishing touches to the restoration in time for the 100th anniversary of the outbreak of the First World War this summer.

Audi unveils armored A8L Security

While unveiling the Allroad E-Tron Shooting Brake at the Detroit Auto Show, Audi also quietly debuted the A8L Security version of its new range-topping sedan this week, armored to the highest level of ballistic protection for passenger cars. The A8L Security is based on the facelifted version of Audi's third-generation A8 sedan, and this armored version will be available both with Audi 4.0 TFSI V8 engine and the 6.0-liter W12. Audi set out to design the current A8L with building an armored version in mind, as opposed to the first-generation A8 of the 1990s which was not offered in Security specification until very late in the product cycle.