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Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

Milk float sets new speed record

A SUPERCHARGED milk float has picked up a new world record after reaching a speed of 84mph on a racing circuit. The specially-adapted vehicle, sponsored by Weetabix On The Go Breakfast Drinks, beat the existing top speed for a milk float of 77mph on the tarmac at Bruntingthopre in Leicestershire. Complete with bull-bars, and boasting a V8 engine, the float was crafted from a traditional 4mph electric float.

Fiat Americanizes its 500, complete with cupholders

The Fiat 500 subcompact might be Italian through and through, but the U.S. version that arrives in dealerships late this year will cater to American tastes. The American car will have a more powerful engine than the European version, a slightly softer ride and--most important--more substantial, American-style cupholders.