Snap On 1/2 & 3/8 Rachets Sl80 - F80 on 2040-parts.com

Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Porsche says Panamera avoids gas-guzzler tax

Few expenses were spared in conceiving the Porsche Panamera, but consumers will avoid at least one cost of ownership: the ignominious gas-guzzler tax. Porsche has announced ratings for the 2010 sedan; it will get a combined figure of 18 mpg or 19 mpg from the EPA, depending on the model. This means Porsche’s four-door foray will avoid a fairly substantial cost of ownership--a tax of up to $7,700 is levied on the most prolific guzzlers.

New Porsche 911 Carrera S quicker than a 997 GT3

New Porsche 911 - 13 seconds quicker round the Nurburgring than the old 911 Porsche had something of a spat recently with the Nissan GT-R, with both parties keen to show their car was the quickest. But Porsche has now got over that ‘I’ve got the biggest’ mentality, and are now keener to show how far their current crop of cars has come. Like the new 2012 Porsche 911 Carrera S.