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Hummer H2 (2007): first official pictures
Wed, 28 Mar 2007By Liz Turner First Official Pictures 28 March 2007 09:52 Hummer H2: the lowdown It’s best not to look directly at the new Hummer H2 in sunlight; you’ll be blinded by bling. New bits of glitz have appeared on the 2008 model, going on sale later in the year, including newly chromed door handles and a larger, lower grille. This grille, along with larger gaps in the seven-slot full-frontal smirk, helps to cool the more powerful 6.2-litre V8.
Saab enters Court Protection – just as we predicted
Wed, 07 Sep 2011Victor 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.
Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.