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‘Old Pang’ spends another €15 million at Saab
Wed, 01 Jun 2011Pang Qing Hua - Pang Da boss - thinks Saab are 'Great, great, great'! The ‘Old Pang’ bit isn’t our derogatory name for the head of China’s Pang Da – who are busy getting in to bed with Saab – but is how the Beijing Times referred to Pang Da boss Pang Qing Hua on his return from Saab; ’Old Pang Returns from Sweden’, they said. We have no idea how old Pang Qing Hua is, but he’s old enough to have amassed a few bob from owning a huge car distribution network in China, and is flush with cash from a recent floating.
Green three-wheelers may get Energy Department funding
Fri, 02 Oct 2009Aptera Motors, Elio Motors and other companies developing fuel-efficient three-wheeled vehicles got a boost from Congress this week in their quest for federal funding. Legislation to make three-wheeled vehicles eligible for Energy Department loans passed a conference committee of House and Senate leaders Wednesday and then got approval from the full House on Thursday. It is part of an energy spending bill likely to go before the Senate by next week for final congressional passage, a Senate aide said.
News watch January 2013: today's auto industry news
Fri, 18 Jan 2013Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 18 January 2013• Mazda Motor Corporation (Mazda) and Fiat Group Automobiles S.p.A. (Fiat) announced today the signing of the Final Agreement which will see Mazda produce an open-top two-seater sports car for Fiat’s Alfa Romeo brand at its Hiroshima, Japan, plant starting from 2015 (Mazda) Thursday 17 January 2013• Mark Reuss, North American chief of General Motors, has jumped to the defence of Electric vehicles and said he is not giving up on them despite struggling sales in 2012.