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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.

Morgan Lifecar and Geneva show stars

By Ben Pulman First Official Pictures 28 February 2008 13:49 Morgan will line up at the 2008 Geneva Motor Show with its most impressive range of cars ever. The Lifecar concept, the first production AeroMax, a revised Aero 8 and a new 4/4 will all feature. The Lifecar is easily the most technically impressive.

Warning for 'morning after' drivers

MOTORIST DON'T KNOW when it is safe to drive the morning after drinking, according to an AA/Populus survey. As many as 56% of the 21,165 surveyed were unaware of the "morning-after" dangers, with those from north east and north west the biggest culprits, the poll found. In the survey, drivers were asked that if they started drinking at 9pm and drank a total of 12 units of alcohol over three hours when they thought they would legally be allowed to drive again.