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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.

SEMA's good, the bad and the ugly

By Phil McNamara Motor Shows 31 October 2007 07:09 Dodge Charger It's Halloween today, so we thought we’d bring you some monsters from the SEMA show. Muscle cars dominate the world's biggest automotive accessories fair, and this Dodge Charger epitomises the wild style motors that pepper SEMA's 1m square feet of show floor. Created by King of Cars.com and Vertical Doors Inc, this Charger rolls on 26-inch rims which resemble a stainless steel lemon juicer.

Bertone Jaguar B99 GT concept (2011) at the Geneva motor show

Bertone B99 GT – the racing version Next to the fully-trimmed B99 show car on Bertone's stand is an exterior mock-up of a GT2-class racing B99.  Two additional electric motors up front mean the GT has 972bhp all wheel drive capability.  A carbonfibre splitter, diffuser and flat undertray are matched with a massive bootlid wing.  There's enormous side-exit exhausts for the range-extender generator, a 100mm lowering job and a lurid green paintjob.  It’s an extreme way for Bertone to highlight the dual images of luxury and performance that Jaguar has in its heritage – particularly since there aren’t currently any saloons in the FIA GT2 series.  Perhaps they should have painted it in a '70s Broadspeed XJC touring car livery to get the full effect. More details on the Bertone B99 exterior design Bertone claims that it has modernized classic Jaguar three-box saloon design with the B99, with Bertone’s design chief Mike Robinson and his team drawing inspiration not just from past Jaguars, but the stealthy big cat that lends its name and image to the brand.  They coined the slogan "Cunning Glamour with Race-Bred Innovation” to embody the B99’s design… but from the two cars on the stand it looks like reconciling those disparate aims in the one vehicle may have been a bit beyond them. The roofline has been shortened and lowered in proportion to a conventional three-box body, inspired by a Jaguar cat stalking its prey.