1941 Plymouth Hood Ornament on 2040-parts.com

Audi to be honored at Goodwood

Audi celebrates its 100th anniversary this year, and it's taking the party to this summer's Goodwood Festival of Speed. The German automaker is making big plans to celebrate its centennial this July at the Goodwood House in England, where it will be the featured marque. Audi says Jacky Ickx and Allan McNish will be there to drive.

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.

Lexus ends production of LFA supercar (2012)

The final example of Lexus's carbonfibre supercar – the LFA – has rolled off the company's Motomachi production line in Japan, bringing to an end a seven-year journey from the initial concept model, and two years of LFA production. It's surely the longest gestation and shortest lifecycle of any car in recent memory. That final Lexus LFA will be worth a few bob in years to come then...