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Saab’s Chinese Takeaway goes cold

Saab loses Hawtai investment There’s nothing worse than a cold Chinese; all congealed and unappetising. A reality Victor Muller woke up to today when the news broke that the much-trumpeted investment by China’s Hawtai in Saab had turned sour. But it wasn’t exactly unexpected.

Saab seeks court protection from creditors

Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.

First Sight: Mercedes-Benz S-Class W222

It was one of the more memorable automotive events this year, and the massive thunderstorm only added to the drama. Last night Mercedes-Benz launched its new S-Class sedan in the delivery hall of Airbus in Hamburg and Car Design News was there to get the low-down on this eagerly-awaited limo. Context was fittingly provided by an A380 lounging in the background as the current lineup of Mercedes-Benz escorted Benz's big boy onto the stage, amidst artificial fireworks and real thunder and lightning.