Goodyear Poly-v Belt 4080625 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.

New Ford Explorer hits a pothole

U.S. consumers can't seem to get enough of the 2011 Ford Explorer. It is the fastest-turning vehicle in Ford showrooms these days.

Nissan 370Z Hybrid in 2011?

Nissan appear to be working on a high-performance Nissan 370Z Hybrid for 2011 [ad#ad-1] It’s no secret that every car maker on the planet is looking at what will and won’t work with eco-cars. From initially starting out as little runarounds, Hybrid and electric cars are now finding their way in to every level of car. We’ve recently told you about the Mercedes S400 Hybrid, and only the other day about the BMW 750 Hybrid.