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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.

Lotus Elite concept car (2010) first official photos

Forget everything you know about Lotus. Forget the Elise, the Exige, the Evora. This is the Elite, a Ferrari California rival and a signpost to an all-new Lotus as envisaged by ex-Ferrari man Danny Bahar, CEO of Lotus since October 1st.

Watch 'Fast & Furious 7' preview

While searching the Interwebs for auto parts to Z cars and back, we stumbled upon this gem courtesy of our friends over at Jalopnik. The long-awaited preview of “ Fast & Furious 7” comes just months after the tragic death of lead star Paul Walker. The shaky-looking, bootlegged clip begins at “The Fast and the Furious: Tokyo Drift” protagonist Han Lue's funeral, setting a somber tone for the latest installment of the series.