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Hyundai i30 (2011) at Frankfurt motor show
Mon, 12 Sep 2011Hyundai is showing off the new i30 hatchback at the 2011 Frankfurt motor show. It's the first of the Hyundai-Kia twins - the new Kia Ceed lands in spring 2012. The i30 is Hyundai's C-segment Focus rival, and its replacement marks the start of a challenging new era for Hyundai; the i30 was the first car to wear the 'i' prefix, and its subsequent replacement means the company has come full circle.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: 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.
New Porsche Supercar at Detroit Motor Show – Video Tease
Mon, 10 Jan 2011Porsche Detroit Supercar Tease The Detroit Motor Show kicks off today for press – well, today Detroit time, which is a few hours yet – and car makers have been getting their product ready to show. And lots of that product is being sneaked in to keep prying eyes away before the official reveal happens later today or later this week. But Porsche has filmed their promised ‘Something Spectacular’ as it arrives in Detroit to be readied for the eyes of the world to fall upon it.