Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

Seat Leon Cup Racer and Ibiza Trophy racers set for 2013 Wörthersee show

Seat will show off two new racing cars at the 2013 Wörthersee tuning show, the annual event celebrating hot hatches from the VW Group. The Leon Cup Racer is our first look at Seat’s plans for a touring car version of the new Leon, while the Ibiza Trophy is the latest version of the track-ready supermini, boasting more power than the road car, and the facelifted styling. Tell me about the Seat Leon Cup Racer Visually, it’s a Leon turned up to 11.

Secret Service issues call for next presidential limousine

The Secret Service is mulling a replacement for Barack Obama's presidential limousine, the Cadillac-styled vehicle lovingly nicknamed "The Beast." News of the new limousine first reached the Internet via FedBizOpps.gov, the official site for Federal Business Opportunities, which provides listings and contracts for various government projects. (Some other listings included cleaning the kitchens at Okinawa, Coast Guard ship repair, and "Phacoemulsification Surgical Equipment.") It calls for a four-phase development program, which is seemingly straightforward. Phase 1 is armor development -- which is currently underway.