G2a1049 1960 3 Hp Johnson Mid Section Model Jw-13 Pn 0203153 on 2040-parts.com

Fuel-economy standards rise to 27.3 mpg for 2011 model year

Fuel-economy standards for all light vehicles will rise 8 percent, to an average of 27.3 mpg for the 2011 model year, under new U.S. rules issued on Friday. The regulations will use a new system that sets standards for individual models based on their size.

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.

Time-capsule DeLorean with only 309 miles emerges

We see time-capsule cars on a pretty regular basis, but they seldom happen to be proper time-travel cars as well. Of course we're talking about the DeLorean DMC-12, an automobile whose several thousand examples were believed to be largely accounted for. So imagine our surprise when we heard about a DeLorean recently found in a storage bay with delivery mileage on the clock and a mild layer of dust on its stainless-steel body.