Suzuki Carry 2009 Flywheel [0720190] on 2040-parts.com

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.

Crackdown on 'distracted' drivers

A CRACKDOWN on distracted drivers caught one motorist having a shave using a razor and a water bottle and a woman doing her make-up in the rear view mirror while on a motorway. The five-day police operation across the motorways of Hampshire and the Thames Valley resulted in 198 motorists being prosecuted for driving offences - most of them driving whilst distracted. Other offences spotted were a lorry driver brushing his teeth, two van drivers reading newspapers while they drove, one person reading a map on the steering wheel and two drivers using iPads (one on the steering wheel) as they travelled along.

2013 UK automotive sales highest since 2007

By Damion Smy Motor Industry 07 January 2014 10:48 The UK car market is showing further buoyancy with 2,264,737 sales in 2013, up from 2,044,069 in 2012. The 10.8% increase makes the UK the best performing market in Europe, exceeding its forecast by posting its highest sales figures since 2007. Top of the charts once again is the Ford Fiesta, which sold almost 13,000 additional units than in 2012, with its stablemate, the Ford Focus, graduating to the runner-up spot to push the Vauxhall Corsa third.