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Saab enters Court Protection – just as we predicted
Wed, 07 Sep 2011Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.
Forget Christmas presents – buy a car instead
Tue, 17 Dec 2013Chevrolet According to a recent survey by Scotland Debt Solutions, we will spend between £472 and £611 on Christmas presents this year. Excuse us, but how much?! Back in the day, we'd have been happy with a small clementine, a pack of playing cards and a modest toy.
Porsche Panamera S E-hybrid scores £5k government grant
Wed, 27 Nov 2013By Ollie Kew First Official Pictures 27 November 2013 12:30 You’d have thought the last thing a buyer wealthy enough to afford an £89k Porsche Panamera needed was a £5000 discount on their mammoth new supersaloon. But, thanks the Panamera S E-hybrid cracking the eco numbers, that’s exactly what the UK government is offering. The Panamera S E-hybrid has joined a list of just 15 cars eligible for Britian’s ‘ULEV’ (ultra low-emission vehicle) status, approved by OLEV (the Office for low-emission vehicles.) Yes, in real life, it’s ridiculous, but on paper, the S E-hybrid is a wunderkid of low-emission motoring.