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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.

Porsche to delay entry-level roadster, report says

Porsche plans to delay the introduction of an entry-level roadster amid worries that the car could dilute the brand's image, CEO Matthias Mueller was quoted as saying in a German magazine. "Possibly we need to wait until the next generation of customers before the idea of a small roadster will work for Porsche," Mueller was quoted the business publication Wirtschaftswoche on Jan. 15.

BMW i3 Coupe EV in production end of 2013 (video)

The BMW i3 Coupe Concept will go in to production at the end of 2013, and BMW tell us why the i3 is so important in a new video. We’ve already got the little i3 in the mix and due to arrive in 2013 (although it could come with the more pragmatic option of a range extender instead of as a pure EV) and the i8 supercar is well on its way. But after the reveal of the BMW i3 Coupe Concept at the Los Angeles Auto Show last month, BMW has confirmed the i3 Coupe will go in to production by the end of 2013, and it will be an EV.