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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.

Alex Mair, retired head of GM technical staff, Pontiac and GMC, dies

Alex Mair, former group executive in charge of General Motors' technical staffs and general manager of the automaker's Pontiac and GMC divisions, died Sunday in Orange City, Fla. He was 91. Mair was named group executive of GM's technical staffs in November 1978 and remained in that position until he retired in 1986.

Italdesign Tex concept

The second concept from Volkswagen's recently acquired Italdesign was the Tex. A research study into the potential future design language of the German brand, the Tex also draws on existing technologies from Wolfsburg.  Utilizing the 'twin drive' plug-in hybrid system, the Tex is capable of a range of 35 kilometers in electric mode, a range Giugiaro claims is ample enough for day-to-day commuting. Adopting a sporting pretense, the Tex is low slung, sitting atop large 19-inch diameter wheels and sports an aggressive DRG.