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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.
Citroen C1 gets updated for 2014
Tue, 19 Nov 2013Citroen C1 gets updated for 2014 The Citroen C1 has been around for some time, and it’s getting towards the end of its shelf life. But the C1 is still a great little city car – far better than you’d expect – and makes much more sense on any level than an overpriced EV for running round urban areas. And Citroen have now improved the C1 for 2014.
A look at Mercedes-Benz future products
Fri, 10 Aug 2012Are Americans ready to pay hefty prices for small, front-wheel-drive cars with features usually reserved for large German luxury cars? Mercedes-Benz is about to find out. Starting in the fall of next year, Mercedes will bring three, possibly four new compacts based on a new fwd platform to the United States.