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Mazda Shinari Concept – RX-9?

The Mazda Shinari Concept – pointing the way to the Mazda RX-9? We’ve only just had the news that the Mazda RX-8 has bitten the dust, victim of the upcoming Euro 5 emissions regulations. One less Mazda until we see the rebirth of the RX-7 and a halo model in the Mazda RX-9 in the next year or two.

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.

Chrysler PT Cruiser hits the end of the road this summer

One of the original retro cars, the Chrysler PT Cruiser, is getting the ax. Production ends this summer, Chrysler president Tom Lasorda confirmed last week. With its sinister styling that drew comparisons to 1930s gangster rides, the PT Cruiser was a hit when it was launched in 2000.