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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.
Smart: the best concepts and special editions
Fri, 18 Jul 2014By James Clark Motoring Issues 18 July 2014 11:24 As Smart lifts the lid on the new ForTwo and ForFour this week, CAR magazine looks back on wonderful, wacky and downright woeful Smart special editions and concepts that have been created since the diminutive City Coupe first arrived on the scene in 1998. The Crossblade was a 2002 special edition based on the cabrio version of the city car. Its Brabus-tuned motor put out 70bhp and the car weighed just 740kg.
Bentley SUV – the Bentley Falcon – close to production decision
Mon, 21 Jan 2013The Bentley SUV – expected to be called the Bentley Falcon – is close to being officially signed-off for production. Within a month of that report we heard that Bentley had decided to give their new SUV the Bentley Falcon‘ moniker – a clear sign VW had decided to produce the Bentley SUV – and now we learn that the EXP 9 F Concept is ready to be signed-off as a production model - albeit with substantial changes to is design. Wolfgang Schreiber, Bentley CEO, has told Automotive News that Bentley is now close to making official the decision to build the Falcon and that it will get a V8 under the bonnet, and possibly the option of a W12 too.