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.

Ford sales rise 40 percent, Chrysler up 61 percent as industry rebounds

Ford Motor Co. posted a 40 percent increase in U.S. sales last month and Chrysler Group soared 61 percent as the industry showed signs of rebounding from an August slump.

CAR tech: how much F1 is in the McLaren P1?

We're forever told racing tech makes for better road cars, but is that true, even in the case of the £866,000 McLaren P1? CAR tech looks at the similarities between Jenson Button's weekend racer and McLaren's hybrid supercar: Gives you wings A Formula One car wins or loses by its aero package – and the P1’s a true aero car with a mighty set-up. It has the highest amount of downforce of any road car on sale – so you couldn’t get closer to F1 with number plates if you tried.