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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.

GM builds 100-millionth small-block engine

General Motors will build its 100-millionth small-block engine on Tuesday, marking a milestone for the company. Engine No. 100 million is headed for GM's historic collection.

Pricing for 2014 Subaru Forester unveiled

Subaru released pricing for its redesigned 2014 Forester on Friday. The new Forester made its debut at the 2012 Los Angeles auto show back in November. But we had the opportunity to drive a pre-production model at Subaru's test facility before the show.