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Who's Where: Thomas Ingenlath appointed Vice President of Design for Volvo

Thomas Ingenlath is set to assume the position of Vice President of Design for Volvo on July 1. He succeeds Peter Horbury who is now Senior Vice President of Design for Geely Group. Ingenlath will report directly to Volvo Car Corporation President and CEO, Stefan Jacoby.

Porsche 918 Spyder to get 4.6 litre V8

Porsche 918 Spyder to get 4.6 litre V8 The Porsche 918 Spyder is to get a 4.6 litre V8 and lose one of its electric motors when it launches after a Frankfurt 2013 debut. It’s almost two years since the Porsche 918 Spyder debuted at the Geneva Motor show as a potential 21st century eco-replacement for the Carrera GT. The amount of interest shown – and offers of deposits – persuaded Porsche to confirm the 918 Spyder for production last March, but it’s still more than eighteen months away from arriving on the road.

Saab gets more cash from China partner

Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.