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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.

Citroen DS3 Cabrio Racing confirmed for production – and it’s OFFICIAL

The Citroen DS3 Cabrio Racing is officially going in to production It’s been more than three years since the Citroen DS3 Racing arrived as a performance pocket rocket to sit at the top of the DS3 range, but all we’ve had so far on the obvious next route – the DS3 Cabrio Racing – is a concept at Goodwood this year. We did hear shortly after its appearance at Goodwood that the Citroen DS3 Cabrio Racing is going in to production, but now that’s been made official by Peugeot. In terms of what’s on offer, the Cabrio – apart from the hole in the roof – is going to be exactly what the DS 3 Racing is with a 1.6 litre four-pot Turbo delivering a very healthy 207bhp, enough for a 0-62mph in around 6.5 seconds.

5 by Peugeot concept

French automaker Peugeot is poised to showcase yet another concept car at the Geneva motor show next month. Called the '5 by Peugeot' this second show car will be displayed alongside the SR1 concept previously announced. Both are expected to showcase the company's zeal for creating design led products.