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Saab enters Court Protection – just as we predicted

Victor 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.

Jaguar hatchback still on?

Jaguar R-D6 Concept. The basis for a Jaguar hatchback? Rumours about new cars crop up every day.

Porsche announces new Weissach design center and wind tunnel

Porsche is to invest around €150m into its Weissach development facility, including a new design center. The plans also include an electronics integration department and a state-of-the art, on-site wind tunnel, which is hoped will allow the company to realize an holistic approach to efficient design, with a strong focus on aerodynamics. When we spoke with head of Porsche design, Michael Mauer, at this year's Paris motor show, he also alluded to the fact that the Volkswagen Group's – and, more specifically, Walter de'Silva's – recent influence on the German manufacturer was shifting its attitudes: "The Volkswagen Group has a very good understanding of how much freedom a brand needs to keep its characteristics and with [Walter] as 'conductor', I feel a lot of support with design issues within the company," explained Mauer.