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Saab enters Court Protection – just as we predicted

Victor 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.

FH Joanneum Graz Degree Show 2008

Industrial Design students at the University for Applied Science, FH Joanneum Graz, Austria presented their diploma projects in the annual degree exhibition. A total of 16 students enter the course in the first term every year, with nine graduating this summer. The rest of the students will be graduating in the fall.

Mercedes S-Class Grand Edition launches

Mercedes S-Class Grand Edition - AMG cosmetics to garner the last sales It’s usually a fair assumption that when Mercedes launches a car with a ‘Grand Edition’ badge attached to its boot that the end for that model is nigh. And so it is with the Mercedes S-Class Grand Edition. So before the 2012 S-Class arrives with its Magic Sky and Magic Body and Magic everything else, Mercedes has bolted a lot of its high-end cosmetics to the more lowly S-Class models to try and wring the last few sales out of a car that is long in the tooth and no longer as good as the BMW 7 Series, Audi A8 or Jaguar XJ.