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Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

Mercedes AMG GT gets new 503 bhp Twin-Turbo 4.0 litre V8 (video)

The new Mercedes AMG GT (pictured) gets the new 503 bhp Twin-Turbo 4.0 litre V8 We’ve speculated that the new Mercedes AMG GT – and, for that matter, futures ’63′ AMGs – will get a new twin-turbo V8 to provide the power as Mercedes look to move away from the naturally aspirated 6.2 litre V8 in cars like the SLS. And this is it. A new 4.0 litre twin-turbo V8 – the M178 engine – has been developed to replace the 6.2 litre V8 and, in initial tune, develops 503 bhp at 6250 rpm and 479lb/ft of torque from just 1750 rpm.

Mitsubishi Outlander Plug-in Hybrid Electric Vehicle (PHEV) starts European sales

The Mitsubishi Outlander PHEV (pictured) now on sale in Europe The Mitsubishi Outlander PHEV landed officially at the Paris Motor Show in 2012 – preceded by a number of concepts before Mistubishi was happy – as a plug-in hybrid from Mitsubishi. Mitsubishi had promised the Outlander PHEV would go on sale in 2013 so, by the skin of their teeth, they’re starting to roll it out in European markets with the Netherlands up first followed by the Nordic countries – and the UK somewhere down the list. With 12,000 orders for the Outlander PHEV in Europe already, Mitsubishi are assured of a decent level of sales for their PHEV SUV, although those sales are driven by the daft tax breaks on offer for ‘green’ cars more than anything else.