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SRT Motorsports Viper team ready for Le Mans return

SRT is heading back to France with two identically prepared Viper GTS-Rs for the 24 Hours of Le Mans on June 22-23. It will be the first time the marque has competed at the race since it won the GTS class three consecutive times, from 1998 to 2000. It will compete in the LM GTE Pro Class.

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.

Porsche 911 parade at Silverstone Classic hits record breaking 1,208

1,208 Porsche 911s hit the Silverstone track to celebrate Porsche-s 50th anniversary Last month, we reported that plans by Silverstone Classic to run a record-breaking parade of Porshe 911s to celebrate the 50th anniversary of Porsche had garnered so many applications that Silverstone has to stop accepting applications nearly two months ahead of the event. Now the 2013 Silverstone Classic 911 Parade has happened it seems Silverstone decided to go for broke, and instead of the originally planned parade of 911 911s, they actually managed to drive 1,208 911s round the Silverstone track at the same time – a new record. As well as 1208 911s, Porsche and the organisers of the Silverstone Classic managed to entice a number of names along too, including Mark Porsche – great grandson of Porsche founder, Ferdinand Porsche – former F1 and Le Mans driver Derek Bell and Le Mans drivers John Fitzpatrick and Richard Attwood.