01 Porsche 986 911 Boxster Rear Spoiler Motor Moter Bracket Back 36,628 on 2040-parts.com

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.

A look at Dodge's future product

With Ram pickups no longer part of its lineup, Dodge is repositioning itself as a sporty brand for all ages. As the brands diverge, Ram keeps the distinctive ram's head logo, while Dodge will have a new script logo that will be revealed this year on the restyled Charger sedan and the Durango replacement. Sources say Dodge may eventually lose its cross-hair grille, which will stay with Ram.

Old Saleen warranties kaput

Saleen Inc. has dissolved. Last fall, Saleen Inc.