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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.

BMW Vision EfficientDynamics gets green light +video

The BMW EfficientDynamics is set for production in 2013 Probably the biggest show stopper at the 2009 Frankfurt Motor Show was the BMW Vision EfficientDynamics Concept, which offered a diesel hybrid setup withn two electric motors, M3 levels of performance and low emissions with 75mpg. In essence, a BMW M1 for the Eco generation. Since BMW revealed their Vision ED other premium car makers have joined the eco-supercar game and announced production of what amount to high-performance hybrids and/or electric cars. Mercedes has confirmed they are working on an SLS AMG E-Cell, with a working prototype already running around.

2015 Land Rover Defender delayed – creating the absolute dog’s danglers will take longer

Recently, we reported  Land Rover’s design director Gerry McGovern saying of the 2015 Land Rover Defender  “This car will be the bollocks, I assure you. The absolute dog’s bollocks.” But it seems that creating the absolute dog’s danglers is going to take a bit longer than planned. Autocar are reporting that John Edwards – Land Rover’s Global Brand Director – has said the new Defender will not be going in to production in 2015 as planned, although Land Rover are planning to scrap the current Defender then as it will no longer meet emissions regulations.