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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.

CAR scoop: GM's $13 billion gamble (2013)

By Ben Whitworth Motor Industry 30 September 2013 09:45 GM Europe has racked up enormous losses every year since 1999; in 2012 it bled $1.8 billion while GM North America earned $6.9 billion before tax. Yet the Detroit mothership continues to pump billions into its European division, like a deluded gambler convinced his luck will change. Max Warburton, automotive analyst at Wall Street researcher, Sanford C.

Lamborghini Aventador LP700-4 Roadster arrives next week

The Roadster version of Lamborghini’s LP700-4 Aventador will be revealed in Miami next week and debut at the Los Angeles Motor Show. The Lamborghini Aventador – successor to the Murcielago – was revealed by Lamborghini at the start of 2011 before getting a public debut at Geneva 2011, since when we’ve been anticipating the arrival of its Roadster sibling and even had confirmation of the Aventador Roadster from the EPA in the US. But the wait for the Aventador Roadster is now just about over with the news that Lamborghini will be debuting their open-topped Aventador at the Los Angeles Motor Show later this month.