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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.

1924 Le Mans-winning Bentley to go on show

A 90-YEAR-OLD Le Mans-winning Bentley is to go on display in Paris next week as part of the prestigious Rétromobile exhibition. The car, which won the 1924 Le Mans race with John Duff and Frank Clement behind the wheel, is to be Bentley’s headline act at this year’s show. It was picked as a celebration of the rejuvenation of Bentley’s racing programme, with the Continental GT3 racer this year competing in races at Silverstone in Northamptonshire, Italy’s famous Monza and the cutting edge Paul Ricard circuit in southern France.

SEMA 2008 show report: Chevrolet Camaro

By Ben Whitworth First Official Pictures 04 November 2008 10:30 Much like Mercedes has done with its GLK at this year’s SEMA show, Chevrolet has turned its Camaro muscle car over to four tuners to see what they come up with. And credit crunch and fuel prices be damned - we like what we’re seeing. A lot.