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Porsche Boxster & Cayman get price updates

Porsche has announced pricing for its freshened 2009 Boxster and Cayman models. Prices for the Boxster start at $47,550 for base models and $57,650 for the more powerful S version. The prices include shipping charges.

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.

Video: The Making of the Mercedes-Benz AMG Vision Gran Turismo

In a new video exploring the design of the AMG Vision Gran Turismo, Mercedes-Benz designers speak of their excitement at designing without restrictions. The video, which features figures such as design vice-president Gorden Wagener, traces the car's development from the sketch phase to the final model – unveiled at last month's Los Angeles auto show. Steffen Köhl, director advanced design global, says, "We had the mix between the very far away showcar design – free and pure emotion – and a car that reacts realistically in the game." "The most stunning aspect of this car is the proportion.