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Is this the new Lexus RC F Coupe?

Is this the new Lexus RC F Coupe? These could be Photoshops based on the Lexus LF-CC – which previewed the new IS – but they do have the feel of being real, and if they are then Lexus is delivering up an RC Coupe that’s pretty faithful to the LF-CC Concept and which promises to be a real competitor for the BMW M3. Under the bonnet of the RC F is expected to be a 5.0 litre V8 delivering around 455bhp and 400lb/ft of torque, complete with cylinder deactivation for more frugal running when you’re not wringing the neck of the V8, and mated to an eight-speed auto ‘box with flappy paddles and three driving modes.

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.

Detroit Electric delays SP:01 again

Detroit Electric, the new startup with an old name, said it is delaying production because it hasn't secured a lease or purchase agreement for its manufacturing facility in Plymouth, Mich. It is also talking to some new partners, though the company declined to name them. North American president Don Graunstadt told the Detroit News, “To further elaborate at this juncture is, unfortunately, not possible as Detroit Electric have entered into negotiations with other parties that have the potential to impact our business strategy and timing,” Graunstadt said.