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McLaren F1 LM & F1 GTR to join P1 at 2013 Goodwood Festival of Speed

The McLaren F1 LM Prototype (pictured) will be at the 2013 Goodwood Festival of Speed This year’s Goodwood Festival of Speed is turning in to a proper treat for McLaren fans. As well as the McLaren P1 making its driving debut at Goodwood this year – and taking on the hillclimb, McLaren is taking a trio of legendary F1 cars to the festival too. On show will be the 1995 Le Mans winning F1 GTR, a car which allowed McLaren to become the first racing team ever to win the Formula 1, Indy 500, Can Am and Le Mans Championships.

The New Jaguar XE final video tease (probably)

The New Jaguar XE final video tease (probably) Jaguar has been working hard to build excitement for the new XE – effectively a replacement for the old X-Type to take on the might of Audi, Mercedes and BMW in the compact saloon sector – and we’ve had no end of teases in the last few months. But now, with the debut of the Jaguar XE in a marketing extravaganza in London on Monday (8 September) Jaguar has released what we expect will be the final tease for the new XE. What we get is a 15 second overview of Jaguar’s current cars, interspersed with snippets of views of the new XE and a sound track that seems to include the exhaust note of the new XE too.

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.