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Dashboard Warning: Study explains what triggers the infamous engine light

Check your check-engine light now--or get ready to write a big, fat check later. As we close out the National Car Care Awareness Month of April, CarMD has released a study about the infamous and irritating little “check engine” light. The results are disheartening.

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.

Winners and Losers: Porsche sales pop in April

Porsche sales spiked 82 percent in April and are up 46 percent for the year, parking the luxury automaker among the top five winners so far for 2011. The redesigned Cayenne made the biggest contribution, with sales up an eye-popping 384 percent from last April and 141 percent for this year. Porsche counted 1,578 copies of the Cayenne sold in April, versus 326 the year before.