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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.

Dakar Rally 2012 Day 2 update

The first major motorsports event of the year, the 2012 Dakar Rally, began its two-week trek across South America on Jan. 1. Four hundred and sixty-five vehicles (171 cars, 185 motorcycles, 33 quads and 76 trucks) with drivers representing 50 nationalities will attempt to cover 9,000 kilometers (more than 5,500 miles) over 14 days throughout Argentina, Chile, and Peru.

CAR interviews Hermann Tilke, the F1 architect (2014)

By Tom Clarkson Motor Industry 27 August 2014 09:50 Is this man a genius? You have to hope so because he’s designed half the tracks on this year’s Formula One calendar; and cars, irrespective of their performance, are only as spectacular as the tracks around which they’re racing. Monaco is utterly captivating, Bahrain less so – you get the idea.