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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.

UK Motorways hit the big 50

[ad#ad-1] It’s hard to imagine travelling round the UK, or any other country for that matter, without Motorways. Circumventing London on the M25, much as we complain, is infinitely better than using the North and South Circular roads used to be. London to Leeds is just a few hours and, despite the huge traffic problems on the M5 in the summer months, the West Country is accessible in an acceptable length of time.

The new Jaguar XJ – its creators' guided tour

By Tim Pollard First Official Pictures 09 July 2009 20:30 Mike O’Driscoll, Jaguar managing director ‘We are remaking Jaguar. It started a few years ago with the XK and the XF has become the cornerstone of rebuilding Jaguar. Our next step is this new XJ – it’ll help us transform Jaguar into a sporting company.