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Swedish court rejects Saab creditor-protection plea; Saab will appeal
Thu, 08 Sep 2011A Swedish court on Thursday rejected an application by ailing carmaker Saab for protection from creditors to give it breathing space to solve a cash crisis and get funds from Chinese investors. The Vanersborg district court in western Sweden said in a statement on its Web site that there was no reason to believe a new creditor protection process, known as a reconstruction, would work. Saab said in a statement that it is disappointed with the ruling and will appeal the decision.
Saab SOLD to National Electric Vehicle Sweden
Thu, 07 Jun 2012The Swedish press are reporting this morning that Saab administrators have agreed a deal to sell Saab to National Electric Vehicle Sweden. The Saab Saga has been going on so long it’s hard to think of it is a car maker any more. But that may be about to change.
London cabs voted 'world's best'
Tue, 05 Nov 2013LONDON has been voted the world's favourite city for taxis, as long as cabbies do not take "the scenic route". The capital topped a global list in five out of seven categories in a Hotels.com survey involving more than 2,600 respondents from 30 countries. The overall result meant London taxis were considered the world's best ahead of second-placed New York, with Tokyo third and Berlin fourth.