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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.
Bentley SUV EXP 9 F: The Genesis +video
Thu, 08 Mar 2012The Bentley SUV EXP 9 F arrives at Geneva Bentley has sent us video explaining the EXP 9 F SUV Concept, and we’ve talked to UK owners and dealers about the new SUV. There’s no doubt Bentley are serious about producing the EXP 9 F – or a variation of it – as Bentley’s first SUV (but perhaps not their first ‘Truck’) simply because the market demands it. But the EXP 9 F that arrived at Geneva this week really wasn’t what anyone was expecting; it seems to have the nose of the Mulsanne bolted on to a very square body with a big hatch at the back and looks more like a truck than a sporty or luxury SUV.
Porsche celebrates 2 million Facebook fans with museum car
Wed, 18 Jan 2012Porsche hit 2 million friends on Facebook this week, and to celebrate, the company dedicated a car to all of them. The new Porsche Cayman S got a coat of white paint before each friend's profile picture was digitally added to the surface. They're all tinted in red, giving the car a candy-coated look, and the front-plate area reads "100% Porsche, 100% you." Fans also were asked to vote for their favorite historic racing livery.