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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.
Frankfurt 2011: 2012 Honda Civic
Wed, 14 Sep 20112012 Honda Civic revealed at Frankfurt 2011 We had quite a tease from Honda on the 2012 Civic in the run-up to Frankfurt, but at least it was a tease with substance, rather than just pointless shots of bits of a new car. Honda made the effort to divvy up ‘official’ spy shots and to put together some talking head videos which, although a little dry, were at least informative. So it’s nice to see the real deal 2012 Civic at Frankfurt, even if it is very much an evolutionary refresh for 2012, rather than anything too drastic in styling terms.
Alfa Romeo MiTo
Tue, 18 Mar 2008This is Alfa Romeo's latest compact car, the MiTo. The new car draws its name from the abbreviations of two Italian cities: Milan, the city that brought the car's style into being, and Turin, which will be responsible for its industrial production. The first new Alfa Romeo to be built since the 8C Competizione, the MiTo borrows many characteristic element from its larger 'halo' sibling: the shape of the frameless side windows, the distinctive frontal treatment, the shape of the headlights and the LED tail lights.