Harley Davidson Aermacchi Strap 66382-62p on 2040-parts.com

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.

Infiniti M35h vs Porsche Panamera Hybrid race tease

Infiniti M35h v Porsche Panamera S Hybrid. Who's the Daddy? The Infiniti M35h Hybrid is billed by Infiniti as the world’s fastest hybrid.

Trail of clues leading to Chevrolet SS nameplate

Connecting the dots that lead to Chevrolet's as-yet-unnamed new model seems to lead back to one storied name: SS. The latest clue that a rear-wheel-drive performance sedan named simply SS could soon join nameplates such as Malibu and Suburban in Chevy's lineup came from an unlikely source: GM itself. A page on the OnStar Web site had listed the GM models that are compatible with a mobile app that gives owners remote vehicle access through their smartphones.