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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.

Ssangyong getting bullish with the Korando SX

The new Ssangyong Korando SX is to feature in a £1 million TV advertising campaign comparing price and spec with its rivals. It’s almost exactly a year since we reported Ssangyong’s return to the UK market with the Ssangyong Korando, a competitive budget compact SUV they hoped would set them on a path to sales success in the UK. Ssangyong ramped up their Korando offering in June by launching the Korando SX 4×4 at a very reasonable £18,795, although you did have to sacrifice kit – and a lump of power – to achieve the new 4×4 entry price.

Concept Car of the Week: Audi Quattro Spyder

The Audi Quattro Spyder. It might not be as avantgarde as some concepts we've explored so far in this weekly series becasue this was a sports car designed with production in mind. It would have marked an entry into a market Audi was yet to explore during a time it was deperate to break free of its dowdy, mainstream image.