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Dartz Prombron Black Dragon announced for Chinese market

Who combines post-Soviet capitalism with outlandish Eastern European money-trash ideas quite like Dartz? The simple answer is, no one. Last year, the Latvian automaker rather notoriously asked, “Why isn't somebody building an F-117-inspired, 2,000-hp, armored yacht hauler?” While we've seen no more of the resultant Nagel since then, the company is introducing a China-only version of its Prombron armored SUV.

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 motor show 2014: CAR’s A-Z guide

By the CAR editorial team Motor Shows 09 January 2014 14:00 Welcome to CAR's A-Z guide of the 2014 National American International Auto Show, better known as the Detroit motor show (or simply the NAIAS.) This year, the global automotive circus takes over Michigan's motor city from 13 – 16 January 2014, and sees the 'Big Three' automakers of America (Ford, GM and Chevrolet) lock horns with Europe's finest for show-stealing headlines. Mouth-watering debuts at this year's event include the BMW M3 and BMW M4, Corvette Z06, Lexus RC-F, and Mercedes GLA45 AMG. The new Porsche 911 Targa is also thought to be appearing.