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Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: 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.
Mercedes S400 BlueHybrid (2008): first official pictures
Thu, 18 Sep 2008By Ben Whitworth First Official Pictures 18 September 2008 17:00 These are the first pictures of the new Mercedes S400 BlueHybrid. With a combined economy figure of 35.8mpg and a CO2 rating of just 190g/km, Mercedes claims it is the world’s most economical petrol-powered luxury saloon. But put your chequebook away – it’s not coming to the UK.
Mopar releases exterior, interior dress-up kits for Dodge Challenger
Mon, 04 Jan 2010Feel the urge to dress up your Dodge Challenger? The boys at Mopar have a little something for you. The parts unit of Chrysler has released an exterior appearance package for the Challenger that includes a new hood with air scoop, a body-color rear spoiler and stripe graphics.











