98 Honda Civic Ex Cruise Control Motor Actuator 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.

Nissan Invitation concept

Nissan has released the first images of its new B-segment concept car, the Invitation. Set to be unveiled at the Geneva Motor show next month, the car previews a new model that will sit between the Micra and Juke as the company returns to the traditional hatchback market. The Invitation's DRG features a wide grille with a chrome accent that extends into the lamps, reminiscent of the Quest MPV.

Range Rover Evoque by Kahn (2012) first pictures

It was only a matter of time before the tuning world got their hands on the modish new Range Rover Evoque. Yorkshire fettlers Kahn have just announced their take on the Evoque: new paint colours, huge rims and a range of personalisation to make you stand out from the Chelsea set. What Kahn do to the Range Rover Evoque A.