Big Block Chevy 2 Bolt Main Caps 1965 - 1979 396 402 427 454 2 Peice Seal # 362 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.

De Tomaso fails to sell

The De Tomaso brand failed to attract a bid in auction this week But it appears that the liquidators for the De Tomaso assetts have already disposed of the factory and land, and this week the brand and trademarks were on the auction block, with a starting price of  €1.6 million. But there were no takers. Not one.

The thinking man’s M3: Alpina D3 Bi-Turbo is world’s fastest diesel production car

German tuning firm Alpina has been tweaking BMWs since it started back in 1965 – in fact, it helped BMW develop the legendary 3.0 CSL, so it seems it knows its onions. However, its latest effort is something a little different. Not quite a conventional performance car, the 2013 Alpina D3 Bi-Turbo is actually the world’s fastest diesel production car, according to the firm.