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Saab enters Court Protection – just as we predicted
Wed, 07 Sep 2011Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.
Bugatti WILL replace the Veyron to sell alongside the Galibier
Sat, 20 Aug 2011A new Bugatti Veyron will sell alongside the Galibier Did the world ever doubt there would be a replacement for the Bugatti Veyron? Did any of us really expect Bugatti would give up its crown as the maker of the world’s fastest car? Did we think that VW would invest all the money they have in Bugatti just to make a fast saloon car?
Hummer sale agreed
Tue, 02 Jun 2009GM has a Memorandum of Understanding in place to sell Hummer to a 'Mystery' buyer GM are reporting that they have reached a ‘Memorandum of Understanding’ with an unnamed buyer to take Hummer of their hands later in the year. MOUs are not the strongest tool in the arsenal when a sale is being arranged, which tends to indicate that either the buyer likes the idea but won’t commit yet, or they are still in ‘Fund-Raising’ mode. So who are the likely buyers?