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Saab gets small payment from Youngman after yesterday’s ‘misunderstanding’

Saab gets a small payment from Youngman What on earth are we going to do once the Saab Saga is resolved? The machinations and misunderstandings surrounding Victor Muller’s increasingly desperate quest to keep Saab alive has probably provided more stories than almost anything else this year. Yesterday’s Saab episode surrounded Pangda Chairman Pang Qinghua stating that the Saab deal was no longer valid since Saab went in to court protection in Sweden, raising the prospect of one of Saab’s creditors pushing the bankruptcy button rather swiftly.

De Tomaso fails to sell

The De Tomaso brand failed to attract a bid in auction this week But it appears that the liquidators for the De Tomaso assetts have already disposed of the factory and land, and this week the brand and trademarks were on the auction block, with a starting price of  €1.6 million. But there were no takers. Not one.

Motorists still not switched on to electric cars

Renault A new survey of 3,000 British motorists suggests there is still a long way to go before electric cars become a serious purchasing choice for the majority, with many saying the government isn’t doing enough to promote them. According to the latest Auto Trader Owner’s Guide, only 1% of UK drivers own what it calls an Alternative Fuel Vehicle (AFV). The poll also illustrates some significant age and gender divides, and shows that price continues to be a serious hindrance to more environmentally friendly motoring.