Fel-pro Ms96919 Intake Manifold Set on 2040-parts.com

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.

Mercedes CL facelift (2010): first official photos

This is the newly facelifted Mercedes CL500; although previously tipped to be called the S-Class Coupé, Mercedes stuck with the original name after all. Alongside the soon-to-be industry-standard daytime running lights and updated grille, lights and exhaust, most of the changes on the new 2010 Merc CL are in areas you can't see. The biggest change is in the engine bay: out goes the old 5.5-litre V8 and in comes a more powerful and economical 4.7-litre bi-turbo.

Toyota prices the new GT 86 RWD coupe at £25k

Toyota has quashed all the rumours about how much its new GT 86 rear-wheel drive sports car will cost: the price has been confirmed at £24,995 in the UK. Some speculation had suggested the price might soar nearer £30k on account of the unfavourable yen exchange rate. But Toyota GB today confirmed the GT 86 will start at £24,995.