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Saab gets approval for voluntary reorganization on appeal
Wed, 21 Sep 2011...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.
Mercedes SLS AMG Roadster: New York debut
Sat, 26 Mar 2011The Mercedes SLS AMG Roadster in the 2011 Super Bowl Advert It’s been quite a long time coming, the Mercedes SLS AMG Roadster. The Mercedes SLS AMG Coupe made its debut at Frankfurt in 2009, complete with Gullwing doors and a two-fingered salute to McLaren. And not long after that we had a photo of its topless sibling – the SLS AMG Roadster – out playing.
Car clocking fraud on rise again
Mon, 12 May 2014There could be as many as 486,000 vehicles with a false mileage on the road in the UK, according to vehicle history experts, HPI. The act of “clocking” a vehicle has been around for a number of years and is something that was made easier with the arrival of digital odometers. In the past, the mis-aligned digits and exposed screw heads meant that a clocked car was relatively easy to spot.