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‘Old Pang’ spends another €15 million at Saab

Pang 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.

BMW X3 reloaded

BMW has revealed the first official details of its second-generation X3 prior to its world debut at the upcoming Paris motor show. Set to go on sale in the United States in January 2011, BMW says the new X3 will be priced close to the outgoing model. The upmarket off-roader has been completely redesigned and reengineered in a move BMW hopes will see it emulate the first-generation model's success, sales of which have now topped the 600,000 mark worldwide since its introduction in 2003.

Hydrogen powered Black Cab hits London streets

The first LTI TX4 hydrogen-powered London Taxi A hybrid fuel cell electric London cab has been revealed, but unlike recent developments with the traditional Black cab – where Mercedes are busy taking over - this experimental hydrogen-powered Cab is based on the familiar LTI TX4. The joy of using a hydrogen tank to run the batteries is that unlike a plug-in hybrid a refuel will take all of five minutes – no more than filling up with petrol or diesel would, A full tank will give a range of around 250 miles and – just like a plug-in BEV – the hydrogen powered cab is emission free at the point of use. The plan is to raise funding to produce a fleet of hydrogen powered Black Cabs in time for the London Olympics in 212.