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Saab gets approval for voluntary reorganization on appeal

...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.

Ferrari ups profits while cutting production (2013) CAR report

Eyebrows were raised in May 2013 when Ferrari chairman Luca di Montezemolo confirmed to a group of journalists, including CAR’s own Ben Barry, that the illustrious supercar maker wanted to slow its production rate and sell fewer cars in 2013. The strange-sounding order was decreed to help the brand retain its exclusivity, yet despite the gastric band on output, the Ferrari boss insisted profits could be upped. Impossible?

Lamborghini Urus SUV – made in SLOVAKIA

The Lamborghini Urus SUV to be made in SLOVAKIA It could be argued that the appeal of Lamborghini stems from its ‘Italian-ness’, but it seems ‘Made in Italy’ is not an honour Lamborghini are going to bestow on their new Urus SUV. Instead, the plan is to build the Urus alongside other VW Group SUVs at VW’s plant in Bratislava, Slovakia. Autonews is reporting that VW are planning to build the Urus alongside the Porsche Cayenne, Audi Q7, VW Touareg and the bodies for the new Bentley SUV (they were planning to build the Bentley SUV in full in Bratislava too, but now it will be just the body to make sure the Bentley SUV is ‘British’).