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Saab drags in another €41 million – but it’s still not enough

Saab Trollhattan - sold, but leased back It’s a tough call, knowing how often to report on the financial woes still engulfing Saab. Do we rush to run a story every time we get a bit of information in from Saab, or elsewhere, on the latest developments? Or do we do a weekly roundup?

Lotus sues Dany Bahar for £2.5 million

Lotus are suing ousted CEO Dany Bahar for £2.5 million to recover the cost of his expensive lifestyle billed to Lotus. It seems DBR-HiCom, new owners of Proton (which own Lotus), took one look at the mess in Hethel and dumped Bahar, replacing him with engineer Aslam Farikullah to try and re-focus Lotus on its core products and engineering instead of pursuing Bahar’s fantasy of churning out the biggest range of luxury supercars of any car maker on the planet. That ousting led to Bahar issuing proceedings against Lotus for £6.7 million in August for wrongful dismissal (which gives you some idea of Bahar’s estimate of his own worth).

Jaguar F-Type production threatened by unions

Jaguar F-Type Production plans thwarted by unions Jaguar is attempting to up production at Castle Bromwich to deal with the new F-Type, but unions reject the deal. Just last week we had news that Jaguar are to invest £200 million in to their Castle Bromwich plant ahead of production starting on the new F-Type. As part of the Jaguar Land Rover plan to get Jaguar F-Types flying out of showrooms in the same way Range Rover Evoques do, Jaguar had brokered a deal with unions on working practices at Castle Browmwich to make sure they can cope with demand when the F-Type goes on sale.