Saab: China’s Youngman submits new $2 billion offer

Youngman is committed to acquiring Saab The founder of China’s Youngman - Pang Qingnian – has revealed Youngman submitted a $2 billion offer to buy Saab from the administrators on 14th February. We’ve all seemingly written-off Saab as dead and buried; a once proud marque consigned to the scrap heap of history after the debacle of GM ownership and Victor Muller’s ill-fated battle to make Saab an in dependent marque. But there’s one man who hasn’t given up hope of securing a future for Saab, and that man is the Chinese billionaire founder of Youngman, the company which has already spent significant sums trying to acquire Saab, but has so far been thwarted by GM’s golden bullet.

Geneva Motor Show 2011 - Recap

Last week, the Car Design News team headed out to Geneva to cover the motor show, just as we've always done. But there was something different about it this year. This 81st recurrence of the Swiss motor show not only saw Jaguar celebrate the 50th anniversary of the iconic E-Type and the first Italdesign vehicles created under the stewardship of Volkswagen, it also heralded a significant step forward for Car Design News' coverage of motor shows.

Fiat will rebadge Dodge Journey in Europe

Chrysler Group will stop selling the Dodge Journey in Europe and will instead market the crossover with a Fiat badge, Fiat sources said. The Fiat version of the Journey will be called the Freemont, the sources said. The Freemont is a key part of Fiat-Chrysler CEO Sergio Marchionne's plan to cut development costs and boost capacity utilization at the automakers' factories by cross selling vehicles from Fiat group and Chrysler group brands.