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Saab enters Court Protection – just as we predicted

Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.

Race2Recovery starts new Dakar challenge

A TEAM of disabled ex-soldiers has arrived in South America to take on this year’s Dakar rally, known as the toughest motoring challenge on the planet. Race2Recovery, the team of severely injured servicemen and civilian volunteers, is taking a second shot at the Dakar after last year becoming the first all-disabled team in history to complete it. This year the 5,600-mile course travels through Argentina and Chile, crossing the Andes mountain range and the Atacama Desert, where temperatures are expected to top 40 degrees Celsius.

The future for Renault in F1 in 2011 and beyond

Renault today announces its new sporting division, Renault SportF1. Renault SportF1 will monopolise 25% of the grid by supply three teams engines and technology for 2011. Renault Sport F1 was formed after Renault decided to sell its minority stake in the Renault F1 team to Genii Capita who they will continue to provide technical and engineering expertise to.