2004 - 08 Lamborghini Gallardo Bonnet Hood on 2040-parts.com

Proton Satria Neo

Malaysian car manufacturer Proton have launched the new Satria Neo three-door hatchback, which replaces the Satria model introduced 12 years ago. Having formerly sold re-badged and out-moded Mitsubishi-derived models, Proton have since established a relationship with Lotus Engineering that began with the Proton GTi. Though cars such as the Elise demonstrate the depth of Lotus' abilities, partnerships with other companies reflect their breadth.

Porsche Panamera GTS (2012) first pictures

Porsche has ramped up an even hotter version of its Panamera ugly duckling at the 2011 Los Angeles auto show. The new 2011 Panamera GTS made its world debut at LA, and will arrive at UK dealerships in February 2012 costing a stout £90,409. What makes the Panamera a GTS?

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.