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Saab China – Deal Dead

Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.

UK Government cuts car aid, EV grants at risk

By Tim Pollard Motor Industry 30 June 2010 15:48 Britain's business secretary Vince Cable today fired a warning shot across the bows of the car industry, saying that subsidies would end and warning that the pledged £5000 subsidy off the first electric cars was in peril.'Our starting point is very clear,' he told delegates at an automotive summit arranged by the Society of Motor Manufacturers and Traders. 'We've moved on from the era of subsidies. We just have to be realistic about what's affordable.'Cable said the new coalition Conservative-Liberal Government had not yet decided whether or how to implement the new low-carbon vehicle subsidies promised under Labour, which had set aside £250m in initial funding.'It is still actively under consideration,' said Cable.

Spyker C8 Aileron Spyder (2009) first pictures

By Gareth Evans First Official Pictures 17 August 2009 12:30 Dutch supercar maker Spyker unveiled a prototype for its forthcoming C8 Aileron Spyder at the 2009 Pebble Beach concours d'elegance. It's a drop-top version of the company’s hand-crafted C8 Aileron and production versions are due early in 2010. There's a coupe version as well - which was unveiled at this year's Geneva motor show - and together the two cars mark Spyker's second generation of supercars after the original C8s.