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Saab gets a ray of hope from China

Victor Muller sees a glimpse of sunshine from China The saga that is the long and painful demise of Saab seemed to reach its nadir last week when courts in Sweden refused to offer the beleaguered car maker sanctuary in its protection. We thought that would be the end for Saab – despite a never-say-die appeal of the decision by Victor Muller, due to be heard tomorrow – with nowhere left to hide from trade supplier debts of €150 million, and the wrath of Sweden’s unions ready to file for Saab’s bankruptcy over unpaid wages for Saab employees. The nadir for Saab should reasonably be followed by its rapid consignment to the annuls of motoring history, but a tiny glimmer of hope has risen from Saab’s putative investors in China.

Fiat 500 Cabrio hits the US

The Fiat 500 Cabrio hits the US for Spring Actually, we’re not completely convinced that the Fiat 500 cabrio (that’s Fiat 500 Convertible for those of us on the old continent who prefer real words)  has hit the US. Because although Fiat has told us the 500 Cabrio hits the US ‘Just in time for spring’, it doesn’t say when US customers will start to get cars. Which may be a bit nit-picking, but there doesn’t seem much point saying it’s hitting in time for Spring when Spring’s a third done and there’s still no date.

Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.