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The big prize awaits on the Autoweek America Adventure

It is the last morning of the Autoweek America Adventure, as I write this. Our traveling circus heads toward the big top in an hour or so, and we should be in Las Vegas before noon. There is anticipation in the air, unlike other rallies I've attended, as this one has a significant main prize: a 2011 Mopar Charger will be given to one lucky contestant on the stage at the Specialty Equipment Market Association convention.

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.

Caterham Supersport R extends Caterham 7 range

Caterham has added the Supersport R to its range of ’7′ models with a 2.0 litre Duratec Ford engine delivering 180bhp. In the meantime, Caterham’s core road car business is the old Lotus 7 range of Caterhams, so it makes sense to keep that more appealing and relevant until new cars start to arrive, so we get the Caterham Supersport R as an addition to the range to slot in between the Supersport and the Superlight models. The Supersport R gets a Ford Duratec 2.0 litre engine which produces 180bhp, which doesn’t sound a huge amount, but when you consider the Supersport R weighs in at just 535kg it starts to look plenty.