Yamaha Fuel Pipe Gas Line Assembly 6yk-24306-64 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.

Stinger Stuns At Detroit Motor Show

KIA has surprised the assembled crowds at the Detroit motor show with a stunning sports car concept, the GT4 Stinger. The Korean car company isn’t holding back with its new creation, as the low-slung coupe boasts rear-wheel drive, a 315 horsepower version of its current 2.0-litre turbo petrol motor and dramatic looks. Created by the firm’s Californian design studio, the GT4 Stinger is just the latest example of Kia’s determination to be seen as much more than just a value brand.

New photos of Tesla Model S show more aggressive style

Tesla dropped some new photos of the Model S Alpha sedan on us on Monday, and the car is looking more like a production vehicle every day. The shots show a Tesla Model S in a shade of black sporting a new front fascia with a lower, sharper, more aggressive look. It includes some vents for possible brake or engine cooling purposes, along with the same 10-spoke fan-blade wheels as the concept car.