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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.

Lamborghini SUV – it’s NOT a rumour

The Lamborghini SUV has been confirmed by an Audi manager Rumours of a Lamborghini SUV Concept at the Beijing Motor Show have been confirmed by a senior Audi Manager. We reported a few days ago that Quattroruote, an Italian car magazine, were claiming that the much rumoured Lamborghini SUV Concept would debut at the Beijing Motor Show in April. We did comment that the report seemed like the rumour mill gone mad, but the fact that Lamborghini were calling the report ‘Speculation’ lead us to conclude the story was probably true.

Subaru’s seven-seat Exiga (2008): first pictures

By Ben Whitworth First Official Pictures 17 June 2008 12:08 This is the Exiga, Subaru’s rather straightlaced seven-seat people carrier, designed to bridge the gap between the current Legacy and Tribeca. Based on existing Legacy architecture, the Exiga has a long 2750mm wheelbase, and at 4750mm long, 1775mm wide and 1660mm high, it’s roughly the same size as Ford’s S-Max. There’s a choice of two engines – both 2.0-litre petrols and both flat fours.