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2012 Ferrari California revealed ahead of Geneva
Wed, 15 Feb 2012The 2012 California gets more power and less weight The Ferrari California has been given a bit of a facelift for 2012, with lower weight and more power. Debuts at Geneva 2012. Update: We’d expected to see the California go up in price by around £10k, but Ferrari tell us that the new price – £152,086, up from £146,960 – is not related to the California updates but just an annual increase of 3.4 per cent levied from January.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: 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.
BMW 4-series Gran Coupe (2014) first official pictures
Sat, 01 Feb 2014By Ollie Kew First Official Pictures 01 February 2014 23:01 BMW has either just created the next big thing, or officially run out of ideas. This is the 4-series Gran Coupe. Of course, it’s not actually a coupe at all – it has four doors – but being part of the 4-series family, it’s sleeker than the 3-series saloon.