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Bufori Geneva to show at Beijing Motor Show
Wed, 11 Apr 2012Bufori Geneva will be at Beijing this month The Bufori Geneva arrived at the 2010 Geneva Motor Show and Bufori are to show an updated version at this month’s Beijing Motor Show. We have to confess that Bufori sent us information over the weekend on the Bufori Geneva and the news it was going to be shown at this month’s Beijing Motor Show. But we didn’t really see it as car news.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: 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.
Dave McLellan to be a featured guest at the Corvette Funfest
Tue, 18 Aug 2009Dave McLellan, who presided as chief engineer for the fourth-generation Chevrolet Corvette, will be a featured guest at parts-seller Mid America Motorworks' annual Corvette Funfest in September. The Funfest brings together 14,000 Corvettes and 45,000 Corvette enthusiasts over a three-day weekend at Mid America's campus in Effingham, Ill. The event includes seminars, entertainment and--of course--plenty of Corvettes.