Cessna Manifold Pressure Gauge W/8130 P/n C662035-0101 on 2040-parts.com

Latest Saab production halt raises concern

News today that Saab has halted production again, owing to problems paying suppliers, has raised further questions over the long-term financial viability of the independent car maker. Saab says it continues to negotiate with its local suppliers to ensure a supply of parts, but has declined to mention when production may resume. Didn't Saab have supplier issues last week?

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.

Porsche launches brand new Macan compact SUV

PORSCHE has unveiled its new Macan compact SUV, which has been tipped to take its sector by storm. At 4.68 metres long and 1.92 metres wide, the smaller brother to the hugely successful Cayenne is a considerably more manageable size than its full-size sibling, as well as being more affordable and still packed with performance. Two closely-related turbocharged petrol engines are being touted by Porsche as the initial flagship powerplants.