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Mercedes now more affordable

MERCEDES-BENZ has announced a host of offers to make its cars more affordable, including three years of free servicing with the A-class hatchback. Those choosing the A-Class can also take advantage of Mercedes Agility Personal Contract Hire scheme to run an A180 SE from £249 per month for three years, with a deposit of £2743. The C-Class is also offered through the same contract hire programme from £285 for a C180 Executive SE saloon.

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.

London Black Cab – another Chinese Takeaway

London Black Cab - now the Beijing Black Cab Tower Bridge; Palace of Westminster; Red Double Decker Bus; Black Cab. Anyone, anywhere in the world, will immediately think of London if they see an image of any of these iconic symbols of our capital city. But at least one of these symbols of London – the Black Cab –  is in a steep decline.