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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.

MINI owners paying TWICE for servicing

Don’y pay to service your MINI twice MINI has been busy launching the New MINI of late, with the bigger – and some would say less ‘Mini’ MINI – now revealed in both regular 3-door and new 5-door guise, and many will be popping off to their local MINI showrooms to spec up their new car. And despite a headline starting price for the new MINI Hatch of just £13,750, many buyers will end up adding thousands to the cost once they’ve been tempted by the multitude of options on offer. But one option that’s a real no-brainer is the MINI TLC Pack.

Mitsubishi Prototype X concept (2007): first official pictures

By Tim Pollard First Official Pictures 08 January 2007 08:08 Oh no. Not another Evo X concept? Afraid so.