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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.

Land Rover Defender Challenge announced (2014)

By Damion Smy Motor Industry 30 October 2013 12:01 Land Rover has confirmed that it is the official sponsor of the 2014 ‘Defender Challenger by Bowler’, which will see a field of up to 15 tricked-up Defender 90s hit the rough stuff as crews get down and dirty, Dakar style. It’s all about enticing those who are curious about rally raids, such as the legendary Dakar event that’s held early each year. A lack of experience, as well as costs, has made it difficult for novices looking to qualify for the necessary licence, so the Defender Challenge is ideal for rally wannabes looking to dip a toe in the water, so to speak, with no experience required to enter.

New Volvo V40: Geneva 2012

New Volvo V40 at Geneva We catch up with the new Volvo V40 at Geneva – perhaps the most important car for Volvo in years – and find it entirely convincing. The new Volvo V40 was perhaps the most leaked car ahead of its official debut earlier this week at Geneva 2012, and we already knew most of what it would offer. But catching up with the V40 at Geneva confirms what we felt about the V40 when we got the first information – it’s entirely convincing.