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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.

New Hyundai i30 Tourer starts production

The new Hyundai i30 Tourer (Estate) has gone in to production in the Czech Republic, extending the range of the new i30. The latest Hyundai i30 is proving to be a proper success story for Hyundai, selling almost 60,000 units in the few months it’s actually been moving out of Hyundai showrooms in Europe. And now Hyundai look set to increase i30 sales further with the i30 Tourer (that’s ‘Estate’ in English, even if Hyundai PR did manage to refer to it as the i30 Wagon in the Geneva press release to the extent we thought they might launch it as the Hyundai i30 Wagon) starting its production run at Hyundai’s facility in Nošovice in the Czech Republic.

SEAT Ibiza Good Stuff – Shakira’s SEAT

The SEAT Ibiza Good Stuff Limited Edition models are always a seller. It’s a good way for car makers to shift metal and as long as the buyer wants the goodies bolted on its a cheaper way to get a specced-up car. But sometimes car makers produce a car for a different reason.