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Saab China – Deal Dead

Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.

Hyundai Veloster Turbo Confirmed

Hyundai Veloster to get new 204bhp Turbo When Hyundai revealed details of the Veloster Coupe – the successor to the successful Hyundai Coupe – we found lots we liked and, really, just on thing we didn’t – its paucity of power. All the new Veloster had to offer was the 138bhp 1.6 litre GDI petrol which, although quite frugal, didn’t exactly light a fire of desire for the Veloster in the way we would have liked. So when we reported a couple of weeks ago that Hyundai had revealed a couple of new engines in Korea – a 204bhp turbo and a 150bhp diesel – we rather hoped that Hyundai would see fit to bolt both in to the Veloster sooner rather than later.

Mini brand to get turbo three-cylinder engine

BMW confirmed the Mini brand will also get BMW's new, turbo three-cylinder engine in upcoming models to be named later as part of a new family of engines for both brands that also includes an all-new four-cylinder. The company won't say which future models get the new three-cylinder other than the already announced BMW i8 plug-in hybrid. It arrives in the spring of 2014.