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Saab plea for Court Protection dismissed – owes €150 million to creditors
Thu, 08 Sep 2011Saab denied Court Protection - there seems no way out We hoped Victor Muller had found a way out of Saab’s financial woes by applying to the Swedish Courts for protection from its creditors while it waited for funds from China to arrive. But the application has hit a brick wall. The district court in Vanersborg said in a statement that there was no reason to believe protection and reorganisation would work for Saab.
New Mitsubishi Outlander PHEV plug-in hybrid goes on sale. Price from £28,249
Thu, 03 Apr 2014The new Mitsubishi Outlander PHEV (pictured) goes on sale in the UK The Mitsubishi Outlander PHEV arrived at the Paris Motor Show in 2012, and although it’s already available in Europe it’s only now going on sale in the UK. And it does offer a compelling package. Mitsubishi say the Outlander PHEV is the most practical vehicle qualifying for the UK’s £5,000 grant for low emission cars, and instead of charging really silly prices for their new plug-in hybrid Mitsubishi have pitched it so buyers pay no more at entry-level (after the grant) than they would for its diesel equivalent.
Jaguar Land Rover boss dies (2008)
Mon, 21 Apr 2008Geoff Polites, Jaguar Land Rover CEO: 1948-2008 By Gavin Green Motor Industry 21 April 2008 06:53 Geoff Polites, who died yesterday aged 60, will go down as one of the great British car industry bosses. He took over as CEO of Jaguar Land Rover in September 2005, when the Jaguar half of the business was at its lowest ebb. Sales of the lame duck X- and S-types were fast evaporating; Jaguar was consistently failing to hit its financial forecasts; morale was poor.