Sunday, 11. September 2011
Sadly it looks as though we are about to lose Saab as a car manufacturer. They applied to the court in Sweden for protection from their creditors but the application was tuned down by a Swedish court yesterday. Whilst Saab are looking to appeal it is unlikely that at this late stage they will avoid bankruptcy. The company was bought from General Read more »
Saturday, 12. March 2011
Image via Wikipedia
When I was training as an accountant one of the subjects I had to cover was statistics. At the start of the course we were shown a graph of the stork population in Sweden over a 5 year period. We were then shown a graph of the baby births in Sweden during the same period and the two graphs were virtually identical. As more storks were born more Read more »
Monday, 2. August 2010
If you are a regular reader of my articles and newsletter you will know how I bang on about the benefits of the Electronic Safety Control (ESC or also called ESP). Car testers EuroNCAP say that all cars should be fitted with ESC now without waiting till they are legally obliged to do so. Only 60% of new cars are fitted with ESC compared to 99% in Sweden, 80% in Germany and 72% in Spain. If ESC isn’t fitted as standard on Read more »
Thursday, 5. March 2009
Car maker Saab, owned by struggling US manufacturer General Motors has filed for bankruptcy protection in Sweden whilst they look for a new parent. The Swedish government refused to match the $420 million investment that was offered by GM in order to turn the company around. GM would only provide the money if the Swedish government matched it. As the government was not prepared to risk tax payers Read more »