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Saab is sold again: two Chinese makers buy Saab
Fri, 28 Oct 2011Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.
Ford Focus ST & Fiesta ST get official power upgrades
Tue, 16 Jul 2013Ford Focus ST & Fiesta ST (pictured) get Mountune power upgrades There’a a big after-market for tuning cars to deliver more power without wrecking economy or reliability, so it makes sense for car makers to get in on the act if they can. So Ford have teamed up again with Mountune (just as they did a few years ago to offer you 345bhp in your Focus RS) to offer performance upgrades for both the latest Focus ST and the Fiesta ST. The tuning package for the Focus ST boosts power to 271bhp – up from the stock power of 246bhp – and the 0-62mph time drops to under 6 seconds, half a second quicker than the normally tuned car.
Saab: Forget Pang Da – now it’s Bank of China
Mon, 05 Dec 2011Saab - is the Bank of China the White Knight? It’s reported that Victor Muller has now put together a new deal to ‘Save Saab’, involving Youngman and Saab plus the Bank of China. In yet another new deal for Saab, it’s reported this morning that Victor Muller has now put together a new deal to try and save Saab from its (still) imminent desire.