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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.

Going, Going, XC90 Gone

THE First Edition of Volvo’s all-new XC90 – 1,927 individually numbered cars only available for sale online – sold out in 47 hours. Most of the cars were reserved within one hour from when the sale started. At its peak, seven cars were sold every minute.

Cadillac CTS Coupe (2010) – Official

Cadillac will launch the CTS Coupe in Spring 2010 Having let the cat out of the bag over plans for a range-topping Cadillac CTS-V Coupe (and the CTS-V Wagon) the other day, GM has now released official detail of its less powerful sibling, the CTS Coupe, which will launch in the Spring of 2010, so as is American convention we should probably call it the 2011 Cadillac CTS Coupe (the American car industy is as bad as the fashion industry – everything is ‘Next Year’). The CTS Coupe joins the Saloon (Sedan) and Estate (Wagon) to complete the three model lineup for the CTS, and is by far the best looking of the bunch, although to be fair both the saloon and estate are attractive in a bold, American kind of way. Sitting a couple of inches lower than the saloon, the Coupe is also a couple of inches shorter.