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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.

2012 Lexus GS Spied

2012 Lexus GS Spied at the Nurburgring It’s not exactly a huge surprise that there’s a 2012 Lexus GS pounding around the Nurburgring in disguise, or that we managed to grab spy photos. Well, there is perhaps the question of ‘Why test a saloon car at the Nurburgring at all?’, but that’s another argument. But after the Lexus LF-Gh got teased ahead of, and then revealed at, the New York Motor Show in the Spring, it was clear Lexus were planning to revamp the GS.

Alfa Romeo 4C: Tease begins ahead of Geneva 2013 debut

Alfa Romeo has begun the tease for the production version of the Alfa 4C – calling it the ‘Car to end all cars’. Geneva 2013 debut planned. The first tease from Alfa for the 4C – which is a ‘Car to end all cars’, according to Alfa – has now arrived and, although it doesn’t mention the 4C by name, it’s clear it’s the 4C that’s being trailed.