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Victor Muller on Saab escapade: 'Painful'

Reports say that the Swedish government wants to question former Saab chairman Victor Muller as part of an inquiry into suspected tax offenses at Saab. Muller defended payments he received from the automaker in a recent interview with me and talked about how he has moved on from painful memories of Saab. The Dutch entrepreneur rejected criticisms that his 600,000 euro ($773,000) annual pay package at Saab was too large.

Rolls-Royce announces new Wraith coupe for 2013

Rolls-Royce will launch the Wraith, a new Ghost-based coupe, at the 2013 Geneva motor show in March. We’re promised it’ll be the most powerful and dynamic model in the 108-year history of Rolls-Royce.  ‘Expect the boldest design, the most dramatic performance and the most powerful Rolls-Royce that has ever played host to the famous Spirit of Ecstasy figurine,’ said Rolls boss Torsten Müller-Ötvös when he announced the Wraith at the company’s world dealer conference in London this morning.

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.