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Americans plan to keep their cars longer, AutoPacific study finds

In another chilling sign that auto sales are likely to remain stalled, a new study finds that Americans intend to keep their cars longer, indicating a general concern about the industry and the overall economy. The number of new-car buyers planning to keep their rides more than four years has risen to 59 percent, according to a study released Tuesday by California marketing research firm AutoPacific. That's an increase from last year, when about 45 percent of new buyers intended to wait more than four years for their next purchase, and it's up from 2005's tally of 46 percent.

‘Old Pang’ spends another €15 million at Saab

Pang Qing Hua - Pang Da boss - thinks Saab are 'Great, great, great'! The ‘Old Pang’ bit isn’t our derogatory name for the head of China’s Pang Da – who are busy getting in to bed with Saab – but is how the Beijing Times referred to Pang Da boss Pang Qing Hua on his return from Saab;  ’Old Pang Returns from Sweden’, they said. We have no idea how old Pang Qing Hua is, but he’s old enough to have amassed a few bob from owning a huge car distribution network in China, and is flush with cash from a recent floating.

Aston Martin DB9 1M: Aston’s Facebook celebration

To mark reaching one million followers on Facebook, Aston Martin invited its fans to help design a car – the Aston Martin DB9 1M. Just like every other car maker, Aston Martin is beginning to embrace the web as perhaps the best way to get their message across and showcase their products. Yesterday we had Aston Martin trumpeting its website traffic on the back of the launch of the new Vanquish, and now we get an Aston designed with the help of Aston’s Facebook Fans.