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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.

Renault Scenic XMOD (2013) first official pictures

This is the new Renault Scenic XMOD. Following the Kaptur compact-crossover, it's Renault's latest attempt to jump on partner Nissan's niche-building bandwagon. Replacing the regular Scenic MPV in the Renault range, the XMOD adds a dash of utilitarian crossover pretensions to the mumsy Scenic.

Daimler’s Car2Go Smart car sharing dropped in the UK

I sight you won’t see from tomorrow – a Car2Go Smart on a UK road Need a car for a quick trip across town and don’t want to use public transport of a taxi? Then a car-sharing club is a good way to go. There are several choices on offer for those wanting a car for a quick trip but only one – Car2Go, run by Daimler and Europcar using Smart ForFours – will allow you to pick up in one place and drop of at your destination.