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2013 Kia Pro_cee’d revealed

Ahead of a debut at the Paris Motor Show we have the first photos of the 2013 Kia Pro_cee’d, a sporty 3 door take on the new cee’d. Back in March we had what appeared to be the first leaked sketch of the 2013 Kia Pro_cee’d – Kia’s three-door sporty take on the new cee’d – but since then, nothing. But we’ve now got the first photos of the new Pro_cee’d ahead of its reveal at the Paris Motor Show in a week or two, and it looks convincing.

Barrett-Jackson sells Cobra Jet prototype for $200,000

A 2014 Ford Mustang Cobra Jet Prototype sold for $200,000 at the Barrett-Jackson Las Vegas sale. Proceeds from the charity sale will benefit the National Multiple Sclerosis Society. That price is more than $100,000 over sticker for the Cobra Jet, which usually retails for $97,990.

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.