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.

LR2 / Freelander 2 Facelift Spied

The disguised Land Rover Freelander 2 We know it as the Land Rover Freelander 2. Elsewhere – or the US, anyway -  it is known as the Land Rover LR2. But it’s one and the same – pretty much. And it’s been with us since the British Motor Show in 2006 (British Motor Show.

Volkswagen has plans for yet another Beetle

The Volkswagen Beetle is on its way back, and this time around, it will be focused more on driving dynamics than on efforts to resurrect the past. Expected to appear in concept form at the Los Angeles auto show late this year, the second-generation version of the modern-day Beetle goes on sale in the United States in May 2011. A convertible with a fabric top will follow about a year later.