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Intake & Fuel Systems for Sale
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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.
Daimler, Renault-Nissan announce alliance
Wed, 07 Apr 2010Daimler and Renault-Nissan unveiled the details of an international alliance on Wednesday in a landmark collaboration designed to fortify the three historic automakers by sharing technology and reducing costs around the world. AutoWeek first broke news of the deal last week. Renault-Nissan and Daimler will work together on several specific projects, including small cars, engines and commercial vehicles.
MG SV returns, TF founders
Tue, 15 Apr 2008By Keith Adams (additional reporting by Russell Gowers) Motor Industry 15 April 2008 10:14 In the latest twist of the MG Rover saga, and three years after the original MG XPower SV supercar went out of production, the controversial coupe has made a surprise re-appearance. However, the likelihood of us ever seeing the reborn TF roadster seems to be receding by the week.Now known as the XPower WR, the Qvale Mangusta-based supercar has been eased back into production by William Riley – a descendant of the creators of the historic car company bearing the same name.His company, known as MG Sports and Racing Europe Limited, produces the supercharged WR, selling it for between £75,000 and £90,000 depending in specification. The rights to the car – and its badge – were bought from MG Rover administrators PricewaterhouseCoopers in 2005.