Hyundai 86614b8000 Genuine Oem Upper Bracket 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.

Essen Motor Show 2013: in pictures

After the corporate seriousness and Germanic efficiency of the Frankfurt Motor Show, the Essen Motor Show is an altogether more relaxed affair. Albeit one delivered with the same level of German efficiency. It's the perfect show for the run-up to Christmas, with wild concepts and weird creations from the custom and tuning industry.

First ever LA Car Design Night – registration now open

For those who have attended one of our Car Design Nights at various auto shows around the world, you'll know they're a great place to catch up with fellow designers, make new contacts and unwind with an informal drink away from the show floor. This year we're excited to announce the launch of our first event in the US, to coincide with the Los Angeles Auto Show on the evening of 20 November at Elevate Lounge on Wilshire Blvd from 7PM. Head to the events page to register now and we hope to see you there.