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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.

Lotus prices Exige S Roadster from £52,900

Lotus has announced its new Exige S Roadster will be priced from £52,900 – exactly the same as the hard-top Exige S. It’s also slightly lighter than the fixed-head Exige, and matches its blistering acceleration times.  That £52,900 tag makes the 345bhp Exige S Roadster £7500 pricier than a (pre-options list) Porsche Boxster S manual, though the 1328kg Porsche makes do with only 315bhp.

Coventry Industrial Design students launch projects blog

The official blog for the 2013 Coventry University Industrial Design Degree Show has launched. Featuring project updates and imagery from this year's Industrial Design undergraduates, it allows Bachelor's students to promote their work ahead of the 2013 Degree Show and lets viewers follow the progress of their final projects and college work in real-time. A monthly archive also means viewers can look back over past submissions.