Mopar Oem 82209952ab Spare Tire Cover 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.

1970 Chevelles fetch top dollar at Barrett-Jackson auction

The muscle-bound favorite of enthusiasts and boulevard cruisers everywhere, the 1970 Chevrolet Chevelle, returned in force at the Barrett-Jackson Orange County Collector Car Auction, June 25-27. The top seller at the event was an SS 454 LS6 convertible, which sold for $253,000. That was closely followed by an SS custom coupe, which went for $250,000.

2012 Fiesta ST confirmed

2012 Fiesta ST caught testing in the US (photo via WCF) We really like the current Ford Fiesta; it’s a cracking little car. It’s just a shame that the closest it comes to being a hot hatch is the little more than lukewarm Fiesta Zetec S. But that’s about to change, and not before time.