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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.

BAC Mono moves to Liverpool

The BAC Mono with brothers Brigg & Mayor of Liverpool (pictured) The BAC Mono is in the public eye this week after its impressive performance on Top Gear, but even without the publicity from Top Gear the brothers Brigg were already doing very well with the Mono. So well, they’ve been looking for new premises to continue their growth and have settled on a move from Cheshire to Liverpool (just up the road) and a new facility on the Speke Hall Industrial Estate in South Liverpool is set to become the new home of the Mono. BAC’s new home in Speke will be up and running by the autumn, will create an additional 60 jobs in the local economy – and more in the supply chain – and is expected to turn out more than 100 Monos a year by 2015.

Value-Added New Focus Keeps Asking Price In Check

WITH the launch of Ford’s new Focus just around the corner, the Blue Oval firm has announced that prices will start from £13,995 - the same as today’s Focus, with top Titanium and Titanium X versions costing £100 less than the outgoing equivalents. The new Focus range retains a six-series line-up of Studio (from £13,995), Style (£16,795), Zetec (£18,295), Zetec S (£20,045), Titanium (£19,795) and Titanium X (£21,795). According to Ford, the new Focus builds on its reputation for technology, which since 2011 has featured automated parallel parking, Active City Stop low-speed collision avoidance, Traffic Sign Recognition to monitor and record road signs and Blind Spot Information System, as optional equipment.