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Saab China – Deal Dead

Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.

Ferrari online earthquake auction starts today – 599XX Evo up for grabs

To raise funds for the victims of the recent earthquake in the Emilia Romagna region of Italy, Ferrari is holding an online auction. The recent earthquake in the Emilia Romagna region of Italy is where Ferrari is based and their production was disrupted by the second of the earthquakes – measuring 5.8 on the Richter scale and claiming 17 deaths in the region – at the end of May. To help with funding for victims of the earthquake Ferrari has organised an online auction of Ferrari ‘stuff’ which kicks off this afternoon, and includes not just stuff like racing suits and helmets but a specifically built Ferrari 599XX Evo.

Lexus LFA: First production LFA in the UK at Goodwood

The Lexus LFA turns up at the Goodwood Supercar Sunday Breakfast Club The Lexus LFA hasn’t had an easy gestation. Half a generation from the promise to the reality, and endless hiccups with lease and buy-back plans in the US – where Lexus initially refused to sell the LFA – meant many of the headlines were less than positive. Which is a real shame.