Water Pump Kit Mc#817275a 2 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.

Crane Cams shuttered, according to report

Legendary camshaft company Crane Cams appears to have gone out of business this week. The Daytona Beach News-Journal, is reporting the 56-year-old Daytona Beach, Fla., company has been shuttered and its workers laid off. Crane's parts have become synonymous with performance and have been used by A.J.

Jeep uncovers the 2012 Grand Cherokee SRT8 packing 465 hp

Following a one-year hiatus, Jeep is returning the fire-breathing Grand Cherokee SRT8 to the lineup for 2012, which made its world debut at the New York Auto Show. Central to the changes is a new 6.4-liter Hemi V8 engine producing 465 hp and 465 lb-ft of torque--a 45-hp and 45-lb-ft improvement over the outgoing 6.1-liter unit. Jeep says the SRT8 is good to hit 60 mph in 4.8 seconds, cover the quarter-mile in the mid-13-second range and reach a top speed of 155 mph.