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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.

Volkswagen Up (2012): first photos of VW's mini

Almost four years to the day after we first saw the VW Up concept car, Volkswagen is unveiling the real thing: this is the new VW Up city car, on sale in UK dealers in spring 2012. Forget the official, trendily informal name 'up!'. I'm afraid CAR's going to overrule the grammatical violations and call it the good old Volkswagen Up.

Porsche sees double with new Turbo Cabriolet models

THE NEW Porsche 911 Turbo Cabriolet has been revealed ahead of its launch at the Los Angeles Motor Show. The model takes a largely familiar format to modals that have gone before it, but this time the German firm is releasing two Turbo models at the same time. The 513bhp Turbo Cabriolet will be the entry point to the forced-induction 911 duo, starting at £126,766 before options.