Idm-120 Saeo Xc3f-12b599-ao 1d18-2 G,came Out Of A 2001 Ford F-250 Superduty 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.

Mercedes CLA 45 AMG (2013) first official pictures

If you liked the ballistic performance of Mercedes' 355bhp A45 AMG but couldn’t bring yourself to drive a hotted-up hatchback, then take a look at this: the new CLA 45 AMG. Using an identical 2.0-litre turbocharged engine and four-wheel drive system, the CLA mixes the storming performance of its hatchback brother with mini-CLS four-door coupe looks. Read on for the full specification.

Lexus CT 200h: The CT 200h Kylie advert

Kylie has work for the Lexus shilling. Last month we reported that Lexus had splashed a chunk of Toyota’s rainy-day money on bagging Kylie Minogue to promote the Lexus CT 200h. Which seems like a very good idea.