Mercury Lower Unit Gearcase on 2040-parts.com

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

Fiat 500L – first video

Fiat 500L - first video The compact people carrier version of Fiat’s trendy 500 is heading to Geneva as the Fiat 500L, and we have the first video. If MINI can make their car a Maxi in the Countryman, Fiat can make their 500 bigger by basing it on a different car altogether and calling it the Fiat 500L, and we had the first photo of the 500L last month. Now it’s time for the 500L video.

Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.