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‘Old Pang’ spends another €15 million at Saab

Pang Qing Hua - Pang Da boss - thinks Saab are 'Great, great, great'! The ‘Old Pang’ bit isn’t our derogatory name for the head of China’s Pang Da – who are busy getting in to bed with Saab – but is how the Beijing Times referred to Pang Da boss Pang Qing Hua on his return from Saab;  ’Old Pang Returns from Sweden’, they said. We have no idea how old Pang Qing Hua is, but he’s old enough to have amassed a few bob from owning a huge car distribution network in China, and is flush with cash from a recent floating.

BMW & Toyota agree joint development of new sports car

BMW and Toyota have signed a binding agreement to co-develop a new sports car and continue with co-developed and shared technology. The way forward for car makers seems to be either to be as big as possible for the benefits of economy of scale, or to work together on joint products to cut development costs. Which is why BMW and Toyota are getting cosy.

Porsche driver Hans Herrmann, Autoweek columnist Denise McCluggage inducted into Sebring Hall of Fame

Porsche great Hans Herrmann was inducted into the Sebring Hall of Fame, two days prior to the 60th anniversary of the 12-hour race. He was joined by Geoff Brabham, Autoweek columnist Denise McCluggage, Johnny O'Connell and Jim Downing. Herrmann's racing career spanned from 1953 to 1970.