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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.
One Lap of the Web: a drifting luxobarge and an 80s hot hatch
Wed, 11 Dec 2013-- If you've been wondering for the past few months since the release of the 2014 Mercedes-Benz S-class what it would look like if it was forced to drift around a racetrack (and who hasn't?) along with a Nissan 200SX drift machine, this video should answer that question. -- Remember the Shelby GLHS of the late 1980s? Those things were powered almost entirely by turbos, it seemed, and the whoosh they made is epic even by today's standards.
Study proves men prefer cars to women
Thu, 28 Nov 2013MEN FEEL more emotion when looking at beautiful car design than they do when looking at beautiful women, new research has discovered. To coincide with the launch of its new Concept Coupe, Volvo carried out the study to see exactly what makes men and women tick when it comes to aesthetics. Images of the Concept Coupe, which has been designed to create a much more ‘expressive’ link to potential customers’ emotions, were shown to individuals who were wearing brain activity-measuring equipment in sequence with images of old or ‘ugly’ cars, crying and happy babies, plus images of people traditionally considered to be ‘beautiful’.