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College Exhibition: Braunschweig University of Art Show 2006

Transportation Design students from Braunschweig University of Art in Germany presented their work at the 2006 graduation show held in July. The show displayed final thesis projects as well as internship and sponsored projects from the last term. The diploma projects included: eXplorius - Hydrofoil Sailing Yacht Arnold Freidling This mobility concept introduces hydrofoil technology into the sailing yacht class and presents an innovative approach within the traditional sailing yacht field.

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.

The Caterham Seven is coming to the United States, legally

Fans of no-frills, no-nonsense motoring, rejoice: The Caterham Seven is coming to the United States, legally -- some assembly required. Caterham says Irvine, Calif.-based Superperformance is the automaker's official U.S. distributor as of Jan.