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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.

Bentley Continental GT (2011): first photos of the new Conti

Do not retune your computer monitor. This is the new, second-generation Bentley Continental GT unveiled today. It might look like a gently polished version of the familiar Conti silhouette that’s plagued football grounds and London’s swankier west end districts since 2003, but trust us: the new Bentley Continental GT is a properly new model.

$4 gasoline fuels surge in March sales

It feels counterintuitive. Expensive gasoline not only helped propel new-vehicle sales in the first quarter. It was a key factor in the surge.