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Saab gets more cash from China partner

Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.

Honda plans plant for CVT builds

Honda Motor Co. plans to build a $470 million factory in Celaya, Mexico, to assemble continuously variable transmissions. The factory will operate alongside a plant under construction that's scheduled to build the next-generation Fit hatchback and a Fit-based crossover.

How to buy a secondhand Ferrari 456

By Chris Chilton Motoring Issues 10 April 2009 10:00 The value of Ferrari’s big 2+2s have always gone down the tubes like used toilet roll, but not all have looked as beautiful as the 456, whose Pininfarina lines so cleverly disguise the car’s practicality. It can’t quite match a 612 for rear space but the back seats aren’t the joke you might expect and the ride quality is great – perfect for that imaginary trip to the south of France. Mike Wheeler of Surrey-based Rardley Motors (www.rardleymotors.co.uk) reckons he shifts more 456s than anyone else in the country and says the big coupés make real sense, but only if you service them at independents.