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Honda news at 2009 Tokyo motor show

Honda's press conference begins – and that dastardly clever little swot ASIMO strolls onto stage. I swear his animation gets better every year – he'll be running for prime minister next. He saunters onto stage and introduces Honda CEO Ito-san, but then let’s me down.

Mercedes GLA goes subterranean

FOR SUV owners looking to test their cars’ off-road credentials, the obvious place to put them to the test probably isn’t nearly 200 metres underground. But that’s exactly where the new Mercedes GLA found itself as it descended into Winsford Rock Salt Mine, 620 feet beneath the Cheshire countryside. The working mine, which supplies much of the UK’s gritting salt for wintry roads, played host to four standard (apart from extra driving lights) GLA models, which were lowered down into the mine nose first before being let loose in the 130-mile network of tunnels.

Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED

Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.