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Daihatsu D-X

Previews of new models to be unveiled at December's Tokyo Auto Show are now coming thick and fast. The latest additions to the list come from Daihatsu who will launch three new concepts under the slogan of ‘Big Answer from Small' at the show. The first of these is the D-X or ‘D-Cross'.

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.

Citroen Celebrates 80 Years Of The Traction Avant

FRENCH car maker Citroen is celebrating 80 years of its iconic Traction Avant in 2014 with a series of events dedicated to the famous model. Launched in April 1934, the new model – originally christened 7A - revolutionised the automotive world with its low centre of gravity, all steel monocoque body, light weight and radical aerodynamics. As a result, the front-wheel-drive Traction Avant boasted standard-setting characteristics for handling and road holding.