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.

New Opel Monza Concept at Frankfurt 2013 signals a new big coupe from Vauxhall

The Opel Monza (1980s Monza pictured) will make a return at Frankfurt There was a time, for those not old enough to remember, when mainstream car makers produced big saloons and coupes. But no more. With very few (low-selling) exceptions, car makers like Vauxhall and Ford have given up their full-sized saloons and downsized, with SUVs of varying sizes now seen as the real future.

Drivers fail car insurance test

On a 10-question, multiple-choice test asking respondents to choose correct definitions for basic auto insurance terms, the average score was 32 percent out of a possible 100 percent, according to insurance.com. The test group included 500 drivers of all ages and from various regions of the United States, but apparently no matter what the details, nobody really knows much about car insurance. When broken down into demographic segments, women outscored men by about 8 percentage points on average, and drivers in the south beat out those in the northeast by 10 percentage points.