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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.

$4 gasoline fuels surge in March sales

It feels counterintuitive. Expensive gasoline not only helped propel new-vehicle sales in the first quarter. It was a key factor in the surge.

Opel Ampera plug-in hybrid design sketches leak out

By Tim Pollard First Official Pictures 19 February 2009 09:28 These pictures allegedly reveal the production-spec Opel/Vauxhall Ampera a fortnight ahead of its Geneva show debut. A Spanish website claims to have stumbled across the technical design sketches at a European patent office and – if authentic – they spill the beans on the new plug-in hybrid electric concept car that’s bound for a showroom near you within two years. The Ampera is Opel/Vauxhall’s version of the Chevrolet Volt, the breakthrough car that could just save GM if it survives its current crisis.