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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.

Lotus Exige S Roadster at 2012 Geneva motor show

Here’s the new Lotus Exige S Roadster, unveiled on the eve of the 2012 Geneva motor show. With a sub-four second sprint to the 60mph mark, it’s Hethel’s quickest soft top ever; we've already seen the Lotus Exige S in coupe guise, but this is the open-top Roadster variant. A hefty 3.5-litre V6 engine lies behind the cockpit which, says Lotus, has received the benefits of its racing technology.

Ford and Shelby pair up on GT 'R Model'

Ford and Shelby collaborating on a Mustang isn't news, it's the norm. But when they're doing something they haven't done in more than 40 years, and the price tops $100,000, it must be something special. In 1965, 37 Shelby GT350 "R Models" were tearing it up at autocross tracks across the country.