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Insane £2.8m Lamborghini Veneno Roadster: in pictures
Fri, 18 Oct 2013One of the reassuring things about the, uh, extraordinary Lamborghini Veneno that debuted at the 2013 Geneva Motor Show was that Lamborghini would only build three of them. So the chances of it actually poking your eye out were really rather slim. Now though, Lamborghini has confirmed it will also build the even more astonishing Veneno Roadster pictured above.
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.
Lexus NX (2014) first official pictures
Fri, 11 Apr 2014By Damion Smy First Official Pictures 11 April 2014 09:04 This is the production version of the Lexus NX compact crossover, which will sit below the Lexus RX in the Japanese brand’s line-up as it chases the BMW X3. Based on the Toyota RAV4, the NX features the Lexus spindle-grille up front but has lost the jagged styling that repulsed many when the concept car was shown at the 2013 Frankfurt show. The showroom edition has been toned down significantly, but still keeps the same stance and two-piece LED headlamps that ape the IS saloon’s face.