Saab deal no longer valid says Pangda Chairman.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have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”.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.

Rennsport Reunion IV brings Porsches to Mazda Raceway Laguna Seca

Porsche has confirmed that its Rennsport Reunion IV, sponsored by Porsche Cars North America, will feature three days of the German marque's historic race-cars at Mazda Raceway Laguna Seca in Monterey, Calif. This is the first time the Rennsport reunion will be held on the West Coast, with Rennsport Reunion IV scheduled for Oct. 14-16, 2011.

Watch the Jaguar Project 7 F-Type go up the Goodwood hillcimb

Jaguar Project 7 F-Type (pictured) tackles the Goodwood FoS hillclimb One of the surprises of the 2013 Goodwood Festival of Speed has been the debut of the Jaguar Project 7 car, an F-Type with the more bountiful 542bhp supercharged V8 and styling stolen from the D-Type. Jaguar are saying Project 7 isn’t heading for production, but we’re pretty sure most of what’s underneath it – principally the 542bhp version of the supercahrged V8 – is in a production F-Type R. Perhaps surprisingly, fitting the 542bhp vresion of the V8 doesn’t seem to have done a lot for the F-Type’s sprint times, with 62mph coming up in 4.1 seconds, just 0.1 seconds quicker than the 495bhp engine in the standard Jaguar F-Type V8.