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Saab China – Deal Dead

Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.

Caterham Seven (2006): first official pictures

By Ollie Compton First Official Pictures 24 October 2006 12:47 Caterham Seven: the lowdown Caterham has kicked out the K-series, replacing it with a tuned 1.6-litre Ford engine for the next generation Seven sports car. The Sigma engine – used in the Fiesta and Focus – is available with two outputs: 125bhp in the Roadsport (pictured), or 140bhp in Superlight trim. A third engine with around 160bhp will follow in spring 2007.

Help Carr Magazine produce its next issue with Kickstarter

Carr Magazine, the insider publication for the car design community, is reaching out via its Kickstarter campaign to fund its fifth issue. Carr has always prided itself on ad-free pages and continual focus on the future of car design but to do this needs some help from its readers as the team looks to improve its circulation and bolster content. Their previous methods of content collection, publication and distribution have occasionally been hampered by purposefully small team but with this campaign they are aiming to produce more of the same quality content and distribute it faster and more efficiently to their truly global audience.