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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.
Carroll Shelby recovering from health scare
Thu, 05 Apr 2012Racing legend Carroll Shelby is slowly recovering from a recent health scare and could leave the hospital in the coming weeks. Shelby has been hospitalized after catching the flu, which turned into a case of pneumonia. Shelby, 89, has received heart and kidney transplants over the course of his life and dealt with a number of health issues.
Aston Martin V12 Vantage ends & big changes afoot at Aston Martin
Sat, 04 May 2013Launched as a limited edition V12 Vantage in 2009, by 2010 Aston decided there was enough demand to make the V12 Vantage a proper part of Aston’s standard offerings, and since then it’s been the same. The V12 Vantage has also spawned a Roadster version (which, we think, stays in production – at least for now) and the slightly bonkers V12 Zagato, which conspired to look a bit too extreme for an Aston and cost an arm and a leg. We know that AM sold around 1200 V12 Vantage Coupes, around 100 V12 Vantage Roadsters and a handful of V12 Zagatos, but now the run is at an end and we do wonder if there will be a replacement?