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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.

GM to double size of battery lab

General Motors says it will spend $8 million to double the size of its Global Battery Systems Lab, which the company claims is the largest and most technologically advanced automotive battery lab in the United States. GM says the expansion will speed up the development of hybrid and electric vehicles, such as the upcoming Chevrolet Volt, by improving on-site testing of battery cells and systems. When finished, the lab will be 30,000 square feet bigger than it is now, for a 63,000-square-foot total.

2014 Nissan Qashqai close to being driverless

Nissan has revealed that the new 2014 Qashqai is just one step away from becoming a self-driving car. Packed with technology, the Qashqai can already do an awful lot with little driver input, including park, read road signs and avoid collisions. New 2014 Nissan Qashqai revealed in pictures Nissan teases all-new 2014 Qashqai crossover The only missing link is the computer software to make it drive itself – and Nissan CEO Carlos Ghosn  has said that this could be in place as early as 2020.