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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.

New Citroen C1 Spec and prices revealed – costs from £8,245

The new Citroen C1 (pictured) costs from £8,245 The new Citroen C1 City Car debuted at the Geneva Motor Show last week as Citroen’s take on the Peugeot/Citroen/Toyota City Car and will go on sale in the UK in July with prices starting at £8,245. There is a choice of three trim levels - Touch, Feel & Flair – but if you want the convertible Airscape model you’ll have to have either the Feel or Flair spec. The C1 Touch (from £8,245) comes with remote central locking, electric front windows, MP3 audio, LED running lights, power steering and the usual ABS, EBA and ESP.

8th L'Argus Design Competition announced

From 1 June 2009, design students will be invited to take part in the eighth annual L'Argus European Design Competition, which this year takes as its theme 'Less is More: Traveling in the Era of Simplicity'. Questioning students on the concepts of mobility and the future of automobile design, this contest - organized by French magazine L'Argus de L'Automobile - will run until 11 December 2009 and culminate in an awards ceremony on 20 January 2010. The competition is open to students attending design colleges within the European Union and Switzerland, including non-automotive courses covering disciplines such as industrial design, fine arts and architecture.