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CES shows strong signs of health in 2010

Like much of the rest of the economy last year, the consumer electronics industry had a tough time in 2009. Who wants to buy an iPod when you just lost your job? As a result, the industry finished the last 12 months with its first loss in 20 years.

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.

U-Haul adds green rides to car-share program

U-Haul has made moving simpler for many Americans, and its car-sharing program is cutting rates and adding more environmentally friendly rides in an effort to win over consumers. Called U Car Share, the program is adding the Toyota Prius, the Ford Focus, the Toyota Yaris, the Mini Cooper and the Ford Escape hybrid to its fleet. The registration fee is being slashed from $50 to $25, and members of other car-sharing organizations can have the member fee waived.