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Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

New Jaguar XE will get the V6 engine from the F-Type

The new Jaguar XE (pictured) will get the F-Type’s V6 We’re expecting the Jaguar XE – Jaguar’s new smaller saloon aimed at the BMW 3-Series – to arrive at the Paris Motor Show in September before going on sale in 2015 after Jaguar revealed the first official details on the XE at the Geneva Motor Show this month. Jaguar were a little vague on detail, although they did confirm the XE would come with aluminium underpinnings – a first for the sector and to be shared with the new Jaguar SUV when that arrives – and offer Jaguar’s new range of 4-cylinder diesel and petrol engines. But what Jaguar also said is that there will be a range-topping XE capable of 186 mph, which seemed a bit of a stretch for a 4-cylinder engine, however good.

Hennessey Venom GT (2010) first official pictures

Less is more with the Lotus Elise. Hethel’s smallest sports car is sweetest when its lightweight aluminium chassis has a little naturally aspirated engine providing the power; a 257bhp Exige variant is about as powerful as it ever needs to be. So here’s a 1200bhp version… That’s right.