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Saab (NEVS) loses right to use Saab name – NEVS gets creditor protection

Saab (NEVS) loses right to use Saab name – NEVS gets creditor protection Just a few weeks ago we reported that Saab and its new owner National Electric Vehicles Sweden (NEVS) were once again up against it with an unpaid supplier filing for bankruptcy. Since the, Saab has been thrown a lifeline by the Swedish courts, and a big kick in the teeth by Saab AB. NEVS right to use the Saab name (although not the Griffin logo) was granted by the owners – the defence firm Saab AB – but in light of NEVS financial predicament that right has been withdrawn.

Tesco Cars shuts up shop

Tesco Cars closed for business A year after launching Tesco Cars in conjunction with Carsite, Tesco reveals it is to close the used car operation. Tesco Cars was one of the latest Tesco sideways moves to use its vast revenues to dominate more and more business sectors in the UK. But it’s come to an ignominious end just twelve months after it was launched, piggy-backing on the existing Carsite business to try and flog used cars to customers who would rather deal with a big supermarket than a back street car lot.

Ferrari F12 TRS revealed – but you can’t buy it

The one-off Ferrari F12 TRS When your pockets are deep enough, the special operation divisions of the world’s luxury and supercar makers are your playground. And one Ferrari client has spent a repute £2.5 million to create a one-off F12 – the Ferrari F12 TRS – twice the price of LaFerrari. Still obviously a Ferrari F12, the F12 TRS gets a pretty dramatic makeover, inspired by the 1967 Ferrari 250 Testa Rossa, from Ferrari Special Projects, design chief Flavio Manzoni and the Ferrari Style Centre.