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Saab's new 9-3 due in 2012 to set new Saab template

By Tim Pollard Motor Industry 04 June 2010 10:13 Now the new 9-5 is launched, attention is turning to the next generation of Saabs. Speaking at the 9-5 launch in Trollhättan, Saab bosses told CAR that the new 9-3 would be the first model to bear the true hallmarks of the new independent Saab since the Detroit divorce.GM sold Saab to Dutch entrepreneur Victor Muller's Spyker group in February 2010 for $78 million and an equity swap – meaning that the 9-5 was done and dusted by the time Saab had become independent. Next year's new 9-4X crossover, paired with and built alongside GM's Cadillac SRX and due in April 2011, is also largely finished.

Saab gets more cash from China partner

Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.

Skip Barber Racing School offers lifetime access for $295,000

The Skip Barber Racing School is offering a lifetime pass to its various driver-training and racing programs. The cost: $295,000. Barber's Fast Pass for Life allows drivers to fill available seats at any of the school's programs--its racing schools, high-performance driving schools, Mazda driving schools and race-series activities.