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2013 VW Golf GTI MK 7 revealed

We have the first photos of the 2013 Vokswagen Golf GTI – the MK VII GTI – ahead of a debut at the 2012 Paris Motor Show. It’s just over three years since the MK 6 Golf GTI arrived and now – ahead of what was expected – we have the reveal of the 2013 VW Golf GTI MK VII. Heading for the 2012 Paris Motor SHow this week, the new Golf GTI holds no real surprises – it’s the MK 7 Golf with the usual GTI appendages.

McLaren P1 flames on at Yas Marina

We know the McLaren P1 is ungodly fast. As evidence, we present this video of the new hypercar at the Yas Marina Circuit in Abu Dhabi doing some test laps, courtesy of YouTube sensation Shmee150. The cars were there for a McLaren 12C owner's meet.

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.