2002 Ktm Sx 125 Swing Arm Axle (d) 02 Sx125 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.

Traffic delays 'to last weeks'

DRIVERS at the beginning of the summer holiday getaway are being warned of weeks of delays on the roads. The first major jams will be on Friday July 25, and the five Saturdays that follow, starting July 26 and ending August 23, are expected to be the most congested days of the summer. From traffic information company Inrix, the warnings included forecasts that hour-long journeys on Friday could take up to 90 minutes.

GM sets price on Chevrolet Corvette Competition Sport package

Chevrolet has set the sticker price for the Corvette Competition Sport packages it announced last week. Be prepared to spend $55,655 for a Corvette coupe with the 1LT trim level and the Competition Sport package. Adding the package to the Corvette Z06 with the 1LZ trim brings the bottom line to $74,775.