1971 Chrysler-plymouth Full Line New Car Brochure-cuda, Duster, Fury, Satellite 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.

One Lap of the Web: Retrofuturism in the world of tomorrow!

-- In Alberta, Canada, a man stole a John Deere tractor and evaded the Royal Canadian Mounted Police as he crashed through fences, trees, and a field before rolling it on a hill. The Mounties were only able to find the tractor when a passing snowmobiler followed the snowy tracks. This article was posted on social media via astronaut Chris Hadfield, which makes this news story the most Canadian thing ever.

Official: Aston Martin Cygnet axed – fewer than 150 sold

Sir Stirling Moss was one of fewer than 150 Aston Martin Cygnet buyers Last month we reported that Aston Martin appeared to have axed their take on a supermini – the Aston Martin Cygnet – after just a couple of years. Now that news seems to be official after Reuters spoke to an Aston Martin source who also said the Cygnet sold so poorly that fewer than 150 were sold. That must make the Cygnet one of the poorest performing cars in any company’s sales history, especially as that fewer than 150 total was supposed to be 4,000 a year.