Saab Granted Court Protection From Creditors

Saab Granted Court Protection From Creditors
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The Saab soap-opera continues, but this week the news is good. Saab just won a court appeal to protect it from creditors while it awaits funding from its Chinese investors. Earlier this year, two Chinese companies, Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. agreed to buy shares in Saab, totaling $334-million…. Continue Reading...

Swedish Government Rejects Saab’s Request For Bankruptcy Protection

Swedish Government Rejects Saab’s Request For Bankruptcy Protection
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It was just yesterday when we reported that Saab was seeking government protection against bankruptcy, but now it seems like this step has failed. A Swedish court has rejected a protection and voluntary reorganization plan, citing that it does not believe any steps the automaker makes will help it to recover. Saab is “disappointed” with… Continue Reading...

Signal Unnecessary When Nobody is Looking, California Court Rules

Signal Unnecessary When Nobody is Looking, California Court Rules
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The California Court of Appeal has ruled that drivers do not need to use their turn signals if no other car is nearby. A three-judge panel found that La Habra Police Officer Nick Wilson was in the wrong when he pulled over Paul David Carmona, Jr. after the accused made a right-hand turn without signaling… Continue Reading...
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