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Lyonheart K: Was the Growler, still very Jaguar E-Type

Lyonheart K - the 21st Century Jaguar E-Type The Lyonheart K was the Jaguar E-Type “Growler” and is now heading for production as a Swiss English venture by Classic Factory. Last year we were treated to renderings of a  Jaguar E-Type homage in the form of the Visualtech Growler, an XKR dressed up as a 21st century E-Type. But it all went quiet.

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.

McLaren P1 (2013) official performance figures announced

McLaren has finally revealed the price and performance figures for its P1 supercar. The hybrid P1 will launch from 0-62mph in less than three seconds, hit 124mph in under seven seconds, and reach 186mph in around 17 seconds, according to McLaren's official figures. The P1's top speed is electronically limited to 217mph.