1958 Ford Parking Lamp Lens--pair 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.

Record Breaker Roars Again

WEDNESDAY 29th January will go down in history as the day Sir Malcolm Campbell’s record breaking 350hp Sunbeam was fired up and heard in public for the first time in over 50 years. The historic event followed a complete rebuild by the National Motor Museum’s workshop team. As the brainchild of Sunbeam’s chief engineer and racing team manager, Louis Coatalen, the car was constructed during 1919 and early 1920 and power came from an aero engine, a type used on naval seaplanes.

XCar tests the Jaguar F-Type R coupe in Spain

Host Alex Goy put the new hardtop Jaguar F-Type R coupe through its paces in the latest edition of XCar. Goy says the loud, red Jag was the first car he has been pulled over in during a shoot -- which must mean he’s either more restrained than we’d have guessed or just supremely lucky. The F-Type R is now the fastest Jaguar you can buy, with 543 hp and 500 lb-ft of torque on tap.