Sherman 8174-300-2 Door Mirror Right Toyota Corolla on 2040-parts.com

Jeep Grand Cherokee Trailhawk and Jeep Wrangler Moab on sale next month

It’s been nearly two months since Jeep announced a special edition, and we were getting a bit worried. Luckily, on Tuesday morning, we were greeted by two new models—the Jeep Grand Cherokee Trailhawk and the Jeep Wrangler Moab. The Trailhawk, which was introduced during the 2012 Easter Jeep Safari, will be offered with either a V8 or V6 engine and 18-inch all-terrain tires with Kevlar reinforcement.

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.

BMX X1 invades U.S. this fall priced at $31,545

At the New York auto show last month, we learned that the BMW X1 compact SUV would be coming to the United States. Now we know that it will arrive on our shores in fall 2012, with a base price of $31,545 including $895 destination. According to BMW, the X1 has been a tremendous success, with more than 275,000 copies sold worldwide.