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Saab go back for another Chinese

Saab are saved (?) by Pang Da Auto There can’t be many companies in China who haven’t had Victor Muller banging on their door armed with a chunk of Saab stock in exchange for a hat full of Chinese currency. A couple of weeks ago we had the news that Saab had signed a deal with Chinese car Maker Hawtai for €120 million in exchange for a big chunk of Saab stock and lots of ‘joint’ venture. But that fell apart last week even before Victor Muller could get to consummate the marriage.

Porsche buys Nardo for high-speed tests

Porsche has announced it is to take ownership of the famous Nardo Proving Ground in southern Italy. The company's engineering consultancy wing, the Porsche Engineering Group, will assume ownership as of May 2012. Nardo is currently owned by Italian firm Prototipo SpA.  No fee has been disclosed by either party.

Jaguar Heritage Racing heading for Goodwood Revival (+video)

Jaguar are taking their Heritage Racing cars to the Goodwood Revival this weekend, ending a successful first season of historic racing. This coming weekend sees the Goodwood Revival taking Sussex back in time, and Jaguar are taking their race-ready versions of the C-Type and D-Type from their Jaguar Heritage Racing team to add some sparkle to Goodwood and round off a successful first year of historic racing. Jaguar has already had plenty of success in their first year with the Heritage Racing outfit, with wins at the 2012 at Monaco Historique, Le Mans Classic and the Nürburgring AvD Oldtimer Grand Prix.