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Goodwood Festival of Speed 2008 review

By James Mann and Tim Pollard Motor Shows 13 July 2008 23:01 SUNDAY, DAY 3: LIVE NEWS FROM THE GOODWOOD FESTIVAL OF SPEED. The 2008 Goodwood Festival of Speed rounded off with an epic Sunday with a jaw-dropping procession of supercars, historic race cars, an appearance by current F1 leader Lewis Hamilton and a series of historical curios and crashes to keep spectators on their toes. Sunday's highlight was the much-hyped appearance of McLaren F1 driver Lewis Hamilton.

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.

Double Oh My! James Bond Aston Martin sells for $4.6 million

Perhaps the single most breathtaking car of the fall auction season, a 1964 Aston Martin DB5--better known as the James Bond car--sold for $4.61 million to Ohio collector Harry Yeaggy on Wednesday at the RM Auctions Automobiles of London sale. The Aston was expected to sell for more than $5 million, and the sale fell a bit short of that, registering a final bid of 2.6 million British pounds, or $4,114,760. Buyer's premiums raise the total sale price to $4.61 million.