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Peugeot 207 facelift revealed

The Peugeot 207 Range has received a facelift There are a plethora of 207 models in hatchback, SW and CC forms, with no less than 12 engine options in total. All models receive a revised front end, additional exterior body colouring and chrome detailing. The hatchback and CC also get new LED tail lights.

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.

Renault Clio Gordini RS, Megane GT at Geneva motor show

Renault’s Renaultsport tuning brand is out in force at the 2010 Geneva motor show. While the Megane CC and Wind were unveiled for more mainstream customers, Renault today revealed the new Renaultsport Clio Gordini 200 and a range of GT and GT Line models by tweaked by its in-house tuner. You’ll either love it or hate it.