Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series 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.

Vauxhall Monza Concept revealed ahead of Frankfurt 2013

Go on, admit it. You didn't expect to be getting excited about a Vauxhall concept car at next month's 2013 Frankfurt Motor Show, did you? But when you chuck in the names 'Opel' and 'Monza', just about every petrolhead in the land should start to get a little excited.

Ascari supercars

By Ben Oliver 28 July 2008 13:18 Ascari is a newcomer to the supercar stable – and has a cosmopolitan flavour shot through its whole DNA. The company is owned by a Dutchman, the cars are built in England and they own their own race track in Spain. And the name?