Standard Motor Products Gb151 Condenser 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.

NHTSA may investigate Grand Cherokees over fuel-tank fire hazard

The Jeep Grand Cherokee from the 1993 to 2004 model years may be investigated by federal safety regulators after a complaint that its fuel tank is an exposed fire hazard that may have contributed to hundreds of deaths. Last month the nonprofit Center for Auto Safety complained that the SUV's fuel tank extends below the rear bumper and is inadequately protected from crashes and rollovers. The vehicle's fuel filler neck also tears off in crashes, said the center's petition for an investigation and recall.

Bertone Jaguar B99: Bertone aren’t giving up

Bertone Jaguar B99 Design Gallery below The car world seemed to speak as one when they saw the the Bertone Jaguar B99 Concept we reported on just before the Geneva Motor Show. Glorious, they said. Just what a Jaguar should look like, they declared.