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.

Lotus Evora 414E Hybrid (2010): first news

By Tim Pollard First Official Pictures 24 February 2010 18:00 Lotus has confirmed the full details of its new Evora Hybrid, or the Lotus Evora 414E Hybrid Concept Car, to give it the full, long-winded name. It's a plug-in petrol-electric hybrid car in keeping with Hethel's performance credentials: it'll hit 60mph in 'less than 4sec'. The range of the Evora hybrid testbed is said to be more than 300 miles.

Bentley's posh leather child seat

Bentley has launched a new collection of accessories to compliment its cars, all of which apparently highlight the company’s 'design and craftsmanship skills'. From child seats to torches, the range is designed to make the life of your average Bentley owner just that little bit more comfortable. Perhaps, but having spent £150,000 on 200mph of GT pleasure, you are unlikely to fit a Halfords booster seat. The hand-stitched child seat - for 'the company’s smallest enthusiasts' - is made to match mum or dad's car with the same leather and piping, and can feature the child's name embroidered on the back beneath the Bentley wings, if Sir or Madam wishes.