Garmin Gtn 750 Gps/nav/comm/mfd 011-02282-00 on 2040-parts.com

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.

BMW M5 (& BMW V10) production ends

The 2005 BMW M5 - production has now finished It’s been the most successful BMW M5 ever, this E60 M5. More successful than even the E39 M5 though it’s been in production for a year less. But now it’s come to an end.

Win one of three copies of Senna DVD

The new DVD of the brilliant Senna film has gone on sale in the UK this week – and CAR has three copies to give away. Click here to win a copy of Senna on DVD Senna is a brilliant documentary by Asif Kapadia. Blessed by F1 supremo Bernie Ecclestone, the film makers had unfettered access to the F1 archive so they could compile this record of F1 ace Ayrton Senna's life in the fast lane.