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Porsche Macan gets four-cylinder powerplant

The new entry level Porsche Macan, shown alongside the new Boxster and Cayman GTS at the Beijing motor show, has become the first Porsche model since the 968 to use four-cylinder power. Parent company Volkswagen's EA888 engine -- as used by a wide range of models from Volkswagen, Audi, Skoda and Seat -- will motivate the new Porsche SUV. The turbocharged 2.0-liter inline four-cylinder direct-injection unit, boasting the same state of tune found on the Golf GTi Performance Package, develops 234 hp and 258 lb-ft of torque between 1,500 and 4,500 rpm.

Daimler & BYD reveal the Denza EV Concept: Beijing 2012

Denza EV Concept The partnership between Daimler and BYD in China has revealed its first fruit – the Denza EV Concept - at the Beijing Motor Show. It’s just a few weeks since we learned that Daimler and BYD had come up with a name for their joint venture in China to produce New Energy Vehicles (basically EVs). Denza – or Tengshi, in Chinese – seeks to take Daimler’s expertise in car making (and they do claim more than any other car maker on the planet) and mate it with BYD’s undoubted expertise in electric cars to build a car company that only produces new energy vehicles.

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.