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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.
Ford Ka
Thu, 31 Jul 2008These are the first images of the all-new Ford Ka, set to be unveiled at the forthcoming Paris Motor Show in October. This is the first redesign since the original Ford Ka - widely considered to be an automotive design icon - was launched at the 1996 Paris Motor Show. Back then, the Ka was praised for its 'New Edge' styling, helping Ford sell 1.4 million vehicles over its 12-year life.
Hydrogen powered Black Cab hits London streets
Wed, 09 Jun 2010The first LTI TX4 hydrogen-powered London Taxi A hybrid fuel cell electric London cab has been revealed, but unlike recent developments with the traditional Black cab – where Mercedes are busy taking over - this experimental hydrogen-powered Cab is based on the familiar LTI TX4. The joy of using a hydrogen tank to run the batteries is that unlike a plug-in hybrid a refuel will take all of five minutes – no more than filling up with petrol or diesel would, A full tank will give a range of around 250 miles and – just like a plug-in BEV – the hydrogen powered cab is emission free at the point of use. The plan is to raise funding to produce a fleet of hydrogen powered Black Cabs in time for the London Olympics in 212.