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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.
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Mon, 21 Feb 2011To help you follow CAR news and updates in the format that suits you, we’ve brought together all CAR’s social media platforms under one roof. Follow CAR whenever, wherever with the following links: • CAR’s Twitter feedsFollow our automated Twitter newsfeed for links to all our news, scoops and reviews on Twitter; you can also follow members of the CAR team:Tim Pollard, associate editor Greg Fountain, managing editorAndy Franklin, art directorJesse Crosse, technical editorJethro Bovingdon, contributing editor • CAR’s Facebook groupWe've passed 10000 friends on our Facebook page! Join us on Facebook for news, photos and videos from the CAR team.
Porsche preps a Panamera wagon concept for Paris motor show
Thu, 09 Aug 2012Porsche will preview plans for a Panamera-based wagon concept in September at the Paris motor show. It is set to provide telling clues for the direction of a production version that could arrive in several years. This would lend an additional element for increasing Porsche's sales as part of parent company Volkswagen's ambitious growth strategy.