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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.

Autoweek in review: The Cayenne Turbo S gets more power, we drive the new Aston Martin Vanquish, and a Porsche 962 for the street

The 2013 Porsche Cayenne Turbo S will now have 542 horsepower. The Cayenne Turbo S will sprint from 0 to 62 mph in 4.2 seconds, with a top speed of 176 mph. Click here for more details.

Aston Martin DBS

Aston Martin has shown pictures of the next Bond car, the DBS. Based on the DB9, the DBS is more muscular and sits menacingly on polished 20" wheels. Additional inlets on the sill, hood and bumper also connect the car with the DBR9 racing car, their depth more powerfully planting the car on the road.