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Is Saab doomed because Victor Muller wants to have his cake & eat it?

Saab: Time for Victor Muller to be forced aside? Victor Muller is a charming and charismatic man, as evidenced by the endless stream of seemingly sensible business people he’s persuaded to invest in Saab, and other Muller ventures. But we’re beginning to wonder if the demise of Saab has been hastened by Muller, rather than delayed.

Rowan Atkinson prangs the McLaren – again

Rowan Atkinson in his McLaren F1 We don’t usually do accidents and supercars on Cars UK. To us, it seems horribly ghoulish and somehow perverse to seek enjoyment, not just from the misery of others, but from the destruction of beautiful cars. But this is Rowan Atkinson and his beloved McLaren F1.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.