Vintage Original Metal Chevrolet Vega 2300 Car Auto Emblem Chevy Badge 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.

McLaren’s Jenson Button & Lewis Hamilton get animated

McLaren has teamed up with Framestore to produce a series of animated – and amusing – cartoons showing on Sky F1. Somehow, despite having the British Grand Prix in one window and the Andy Murray match at Wimbledon in another on Sunday, we managed to miss this cartoon featuring McLaren, Lewis Hamilton and Jenson Button on Sky F1. It seems Sky F1 will be featuring a new cartoon from McLaren at every Grand Prix for the rest of the season, and if they are up to this standard they’ll be well worth looking forward to.

Rolls-Royce Ghost V-Spec (2014) first official pictures

By Ollie Kew First Official Pictures 08 January 2014 14:00 The Rolls-Royce Ghost V-spec has been unveiled as the brand’s new performance model. Strictly, it’s not a powered-up, hard-core model in the vein of, say, a Nissan Skyline V-Spec (though wouldn’t that be wonderful?), but a special edition to celebrate the Ghost’s fifth birthday. So don’t expect to see this Ghost hauling itself around the Nurburgring Nordschleife in the near future.