06 07 08 09 Mercedes Clk350 550 63 209 Convertible Top Cable 2097500159 on 2040-parts.com

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.

Jaguar XKR (2011MY) Review & Road Test

A slightly mud spattered Jaguar XKR after yet another 'Brisk' country run If you choose to think about the history of Jaguar, there’s a fair chance you’ll end up thinking about the two cars that have come to epitomise all that Jaguar stood for – the 1961 Jaguar E-Type and the 1968 Jaguar XJ. If you delve further in to the mush that passes for a brain you’ll probably manage to drag up remnants of automotive lust for cars like the XK120 and XK140 or the D-Type or Jaguar SS or maybe even the Jaguar MK II. And those memories will probably reinforce in your mind that Jaguar are makers of classy, swift and desirable sports cars and sports saloons.

Why are Jaguar sales falling?

Jaguar Land Rover sales are up, but they’re being driven by Land Rover and Range Rover sales with Jaguar sales dropping by over 10 per cent. But why? We’ve got used to Jaguar Land Rover reporting ever increasing sales, and this year is no different.