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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.

Spies Given Green Light To Speed

IF YOU’RE familiar with James Bond’s antics you’ll know that he didn’t much care for rules and regulations. Now there’s one less bit of red tape for all fictional and real James Bonds, as spies are to be given a "licence to speed" for the first time, under changes to motoring laws. Currently, officers in MI5 and MI6 have to abide by the rules of the road even when national security is under threat.

Peugeot recall over airbag scare

CAR COMPANY Peugeot is recalling some of its 5008 models in the UK due to a possible airbag problem. Friction wear can occur on the driver's seat wiring harness. This can lead to an electrical malfunction and may cause the unwanted triggering of the driver's seat airbag.