Meyer E-58h Hydraulic Power Unit #15995 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.

Design For the Real China contest seeks innovative solutions to everyday issues

The ‘Design for the Real China' contest has launched, challenging designers across all disciplines to develop innovative solutions to everyday problems that arise in China. Delivering a brief of ‘Show us a solution to a China-located problem or opportunity you have identified', the competition organizers want to see entries that address localized problems or opportunities. Participants have to submit a short video explaining both the problem they've identified and how they'll solve it.

2015 Ford Mustang spied wearing a funny hat

In an attempt to hide its secrecy while on Detroit's roadways, Ford has opted to give its Mustang some, uh, unusual camouflage. Is that a two-seater sports car, or a Morris Oxford? Is the Stay-Puft Man going out for a drive?