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.

Jeep future products: Fiat platforms to underpin 3 vehicles

In the next three years, Jeep will extend its lineup with a new subcompact and a revived Grand Wagoneer. It will also build three vehicles on Fiat platforms. Despite the significant model changes, Jeep will strive to remain true to its off-road heritage.

Ford Focus Electric tease begins

Ford tease the Focus Electric on their Facebook page. Ford has promised that there will be an electric version of the 2011 Ford Focus by 2012. Which we’ve gone on record as saying is a daft idea.