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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.

Hand-built Porsche ‘Frankfurt Flyer’ special up for sale on eBay

This piece of organic looking, handcrafted aluminium is called the ‘Frankfurt Flyer’ – a bespoke creation by American engineer Chris Runge. It’s rather special too, as the original Flyer racecar is the forebear to one of the most famous Porsche models ever, the 550 Spyder. This is one man’s painstaking recreation of one of the finest post-war sports cars to ever see the light of day, and it could be yours for $60,000 – around £36,500.

Mazda Kiyora Concept & SKY Tech

The Mazda Kiyora Concept will be at the Tokyo Motor Show in October The Mazda SKY-G is a new direct injection petrol engine and the Mazda SKY-D is Mazda’s new, clean diesel. They are shown off in a display featuring “Technologies for Today, Tomorrow and The Future”, together with Mazda’s new Mazda SKY Drive high-efficiency automatic transmissions. These new technologies are expected to bring Mazda’s corporate average fuel economy down by 30% in the next five years.