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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.

BMW X1 sDrive20d EfficientDynamics Edition revealed

BMW X1 sDrive20d EfficientDynamics - the 'Blue' X1 arrives The BMW X1 is, according to BMW, “…still the only premium vehicle in its segment” and they’re keen to make sure that their baby SUV keeps its nose ahead of the pack. Which explains the plans to launch an X1 badged-up with the EfficientDynamics moniker in the Autumn – the BMW X1 sDrive20d EfficientDynamics Edition. BMW anoraks know that BMW’s EfficientDynamics gubbins – stuff like stop-start and low rolling resistance tyres – have sneaked in across the BMW range over the last few years, improving economy and lowering emissions in the process.

Saab: China’s Youngman submits new $2 billion offer

Youngman is committed to acquiring Saab The founder of China’s Youngman - Pang Qingnian – has revealed Youngman submitted a $2 billion offer to buy Saab from the administrators on 14th February. We’ve all seemingly written-off Saab as dead and buried; a once proud marque consigned to the scrap heap of history after the debacle of GM ownership and Victor Muller’s ill-fated battle to make Saab an in dependent marque. But there’s one man who hasn’t given up hope of securing a future for Saab, and that man is the Chinese billionaire founder of Youngman, the company which has already spent significant sums trying to acquire Saab, but has so far been thwarted by GM’s golden bullet.