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.

Korean Grand Prix (2013) RESULT

Korean Grand Prix (2013) RESULT It has looked for some of the F1 season that Mercedes – and particularly Lewis Hamilton – could get stuck in to Sebastian Vettel and slow down his race to another world championship, or that Fernando Alonso could make progress by stealth and put a stop to the German. But that all seems a distant thought as Vettel cruised almost serenely to a win in Korea, despite his lead being compromised at times by two safety cars and even a rogue Jeep fire tender on the track. Behind Vettel, who won by 4.2 seconds from the Lotus pair of Kimmi Raikkonen and Romain Grosjean, the best Vettel’s closest rival, Fernando Alonso, could manage was sixth, with Lewis Hamilton putting his Mercedes in fifth, behind Nico Hulkenberg.

Jaguar Land Rover RECORD sales in 2013

Jaguar Land Rover RECORD sales in 2013 Jaguar Land Rover has been on a roll for the last few years, so it’s no surprise they’re reporting record-breaking sales for 2013. But the sales figures are, by any measure, impressive with a total of 425,006 cars sold between Jaguar and Land Rover in 2013 – an all time record and up 19 per cent on 2012. Sales success wasn’t concentrated in just one market either, with sales up in Asia Pacific and the China region by 30 per cent, North America up 21 per cent, the UK up 14 per cent, Europe up 6 per cent, and other overseas markets up 23 per cent.