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Jaguar Land Rover (JLR) planning UK engine plant

JLR look set to make their own engines We’ve known for a while that Jaguar Land Rover are planning to build their own engines. At least the four-pot variety, anyway. But it seems they have far more ambitious plans.

Fiat 500C drops cover (and top) for Geneva show

To keep in step with Mini, Fiat will launch a convertible version of the 500 at the Geneva motor show. The 500C comes a couple months after Mini showed its own new convertible at the Detroit auto show. In place of the fixed roof is a power retractable soft top with rear glass window and built-in rear brake light.

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.