Ford Ranger Splash Decal F87z8342528aab on 2040-parts.com

Lagonda back on

Lagonda SUV Concept - back on again To be honest, we’re not too sure that Lagonda was actually ‘Off’ after a rather disastrous debut at the 2009 Geneva Motor Show with their antimacassar-endowed, cushion-boasting Lagonda SUV Concept. We’d just assumed it. But if it was ‘Off’, it’s now back ‘On’ again.

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.

Freshened Nissan GT-R gets more power

The mid-life refresh of the storming Nissan GT-R will feature a power increases as well as slightly updated styling and new interior trim options. Nissan is keeping details of the extra power to itself, although rumors imply it might grow to more than 500 hp. The design tweaks are intended to flow more cooling air into the engine bay, which suggests the power might rise substantially.