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Jenson Button drives the McLaren P1 up the Goodwood hillclimb (video) UPDATED

Jenson Button drives the McLaren P1 (pictured at Goodwood) up the hillclimb Update: We’ve added an extra video of the McLaren P1 going up the hillclimb that shows more of the actual run (below) It’s all Goodwood FoS this weekend – hardly surprising – and now we have video of the McLaren P1 in action up the hillclimb. McLaren roped in their F1 star, Jenson Button, to get behind the wheel of the P1 for its debut on the Goodwood hillclimb, but we get more of the Jenson talking head than we do of the P1 in action. Still, Jenson’s an affable and entertaining chap, and we learn that his daily driver is currently a company car – the McLaren 12C Spider – which he keeps in his garage in Monaco.

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.

New Ferrari Enzo (F70) will NOT debut at Paris 2012

It seems that, despite expectations, Ferrari will not debut the new Enzo (F70) at the 2012 Paris Motor Show. The expectation has been for some time that the new Ferrari Enzo (F70) would debut at this year’s 2012 Paris Motor Show. But now we don’t think it is.