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VW pushes upmarket: the new Passat and lessons learned by the Phaeton

By John Mahoney Motoring Issues 07 July 2014 08:02 Logically, it makes perfect sense to push the new 2015 VW Passat upmarket far away from the declining, mass-market D-segment it used to inhabit. After all, how can Volkswagen resist a tasty slice of profit the BMW 3-series or Mercedes C-class dishes out to their makers? Even if it does risk stepping on Audi's toes...

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.

Jaguar E-Type for sale – 12 of them

Three of the 12 E-Type Jags on offer from one seller on Ebay If you ask anyone what the most iconic car of the ’60s was most people  - we guess – would suggest the Jaguar E-Type. It seems to epitomise all the was impressive about the decade and – despite now being 50 years old – it still stands up as a stylish and desirable car. Not only is the E-type stylish and iconic it’s having new life breathed back in to it by companies like Eagle, who build E-Types to order from restoration projects and to a standard that surpasses the way they ever came out of British Leyland (or whatever the name of the company was that built them at the time  - there were several iterations of the BL Brand, unfortunately).