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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.

McLaren P1 lapping the Nurburgring in UNDER 7 minutes in stunning new video

The McLaren P1 laps the Nurburgring in under 7 minutes Ever since Ron Dennis claimed the McLaren P1 would be able to lap the Nurburgring in under seven minutes, we’ve been waiting for McLaren to prove it. It seems their initial attempts failed to get below the magic 7 minute barrier – unlike the Porsche 918 Spyder which lapped the Nurburgring in 6m 57s – but last month we reported that the P1 seemed to have achieved its goal by going 10 seconds faster than the Porsche in  an almost unbelievable 6 minutes 47 seconds. Unfortunately, we still don’t know officially just how quickly the P1 got round the Nurburgring, but we do now know that it was under 7 minutes thanks to a new video just released by McLaren.

Special-edition Jaguar XKR 175 confirmed for Pebble Beach reveal--and the U.S. market

A limited-edition, high-performance Jaguar called the XKR 175 will debut at Pebble Beach later this summer in celebration of the historic brand's 75th anniversary. The name of this speed demon actually indicates the number of units that will be made for the United States. Jaguar says 175 will reach U.S.