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Saab deal no longer valid says Pangda Chairman. The end of Saab?
Wed, 12 Oct 2011Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.
Obama: U.S. fleets must use alternative-fuel vehicles by 2015
Wed, 30 Mar 2011President Barack Obama said Wednesday that starting in 2015, all new cars and trucks bought by the federal government will be hybrids, electric vehicles and other alternative-fuel vehicles. The government operates more than 600,000 fleet vehicles. Obama, in a far-ranging speech about U.S.
Cadillac CTS-V ‘sets saloon Nurburgring record’
Mon, 12 May 2008By Tim Pollard Motor Industry 12 May 2008 10:31 Cadillac’s new CTS-V has set a new production saloon lap record at the Nurburgring, the company claims. It reports the 2009 CTS-V lapped the 13-and-a-bit mile circuit in an impressive 7min 59.32sec.‘This blistering time appears to be the fastest ever publicly documented for a production sedan,’ says a breathless press release. And according to the records we’ve researched, they appear to be correct, although a Subaru Impreza STi Spec-C also lapped in 7min 59sec.It leaves us wondering who else is going to launch an assault on the Nordschleife’s 73 corners.