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‘Old Pang’ spends another €15 million at Saab

Pang Qing Hua - Pang Da boss - thinks Saab are 'Great, great, great'! The ‘Old Pang’ bit isn’t our derogatory name for the head of China’s Pang Da – who are busy getting in to bed with Saab – but is how the Beijing Times referred to Pang Da boss Pang Qing Hua on his return from Saab;  ’Old Pang Returns from Sweden’, they said. We have no idea how old Pang Qing Hua is, but he’s old enough to have amassed a few bob from owning a huge car distribution network in China, and is flush with cash from a recent floating.

Volvo plans diesel and electric cars for U.S., will aim S60 at enthusiasts

Volvo will add diesel and electric cars to its U.S. product lineup as it tries to meet stricter U.S. fuel-mileage standards that will begin phasing in for the 2012 model year.

Audi RS Q3 set for Beijing motor show reveal

Audi has lifted the veil on a production-based concept from its quattro performance division that previews a range-topping variant of the Q3 for European markets. Called the Audi RS Q3, the go-fast version of the company's compact SUV is planned to make its public debut at next week's Beijing motor show, packing a 355-hp version of the same turbocharged, direct-injection 2.5-liter five-cylinder gasoline engine found in the TT RS, set in a stylized bay featuring carbon-fiber trim panels. With its drive channeled to all four wheels through a seven-speed S-tronic dual-clutch gearbox, the RS Q3 is claimed to hit 62 mph in 5.2 seconds and to reach a top speed of 165 mph.