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Chevrolet saves sinkhole Corvettes

CHEVROLET has taken on the job of restoring a number of classic Corvettes which were swallowed by a gaping sinkhole beneath the National Corvette Museum in Kentucky. General Motors' head of global product development, Mark Reuss, said today that the damaged vehicles are some of the most significant in motoring history. He said the company wants to restore as many of them as possible so car fans can enjoy them.

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.

Raptor engineer has a taste for chassis tuning, microbrews

Hether Fedullo is a Ford noise, vibration and harshness engineer, a shifter-kart driver and a beer snob. "I do appreciate a good beer,” she says, “like people appreciate wine.” She loves a good wheat or a nice dark brew. She's partial to Bell's, be it Amber Ale, Oberon or Expedition Stout.