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Saab gets small payment from Youngman after yesterday’s ‘misunderstanding’

Saab gets a small payment from Youngman What on earth are we going to do once the Saab Saga is resolved? The machinations and misunderstandings surrounding Victor Muller’s increasingly desperate quest to keep Saab alive has probably provided more stories than almost anything else this year. Yesterday’s Saab episode surrounded Pangda Chairman Pang Qinghua stating that the Saab deal was no longer valid since Saab went in to court protection in Sweden, raising the prospect of one of Saab’s creditors pushing the bankruptcy button rather swiftly.

Underground Racing Lamborghini crashes at Texas Mile, driver survives

WITH VIDEO -- Underground Racing, the Charlotte, N.C., tuning shop that broke the 250-mph mark with a twin-turbo Lamborghini Gallardo in Texas last spring, saw that car crash on Oct. 23 after making another run at the Texas Mile high-speed challenge. Video of the run, posted on YouTube, shows the orange Gallardo passing the 1-mile marker on the closed runway, deploying a parachute and veering to the right and off the runway.

Mercedes unveils powerful new AMG 4.0-litre twin-turbo V8

By John Mahoney Motor Industry 25 July 2014 17:09 Mercedes AMG has released details of an all-new 503bhp 4.0-litre twin-turbo V8 that will help fill the void when the production of its normally aspirated 6.2-litre V8 ends. Lightweight, compact and more efficient than the big 6.2-litre it replaces, the new smaller capacity turbocharged V8 produces 479lb ft from just 1750rpm. The first car to receive the new engine will be the Porsche 911-rivalling Mercedes AMG GT, but other smaller cars like the C63 AMG are also set to benefit from its compact design.