1962-67 Buick Olds Pont Niehoff Regulator 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.

2015 Ford Mustang: By the numbers

We're just getting over our Detroit auto show hangover, reveling in the more-than-1000 pictures we took at the event. Among the reveals was the new 2015 Ford Mustang, which up until now, we've only seen in pictures. We have to say, its proportions are growing on us.

Art Center Car-B-Que

Art Center's Transportation Design department is in the midst of celebrating its 60th anniversary. To commemorate the special occasion the department decided, instead of the large scale production "Car Classic" from years past, to hold an informal gathering of students, alumni, staff, faculty, and their cars. The event, sponsored by the Office of Student Life, Art Center Student Government and by Pasadena based RTT USA Inc took place on Sunday July 20, 2008.