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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.

Stratstone start selling Classic Jaguars

In what’s thought to be an industry first  Jaguar main dealer Stratstone is selling classic Jaguars supplied by specialists Classic Motor Cars of Bridgnorth. The world of classic cars is one that isn’t normally immediately accessible to buyers of new cars; the classic car world is thought of by many as a world of men with pipes and leather patches on their elbows inhabiting their own secret world of a bygone day. But with classic cars proving to be one of the soundest investments you can make – as long as you choose well – it’s a world buyers of new premium cars could to well to look at, especially with the tax breaks classic car investment brings, never mind the joy of owning a mobile work of art.

Hennessey Venom GT sets new 270mph world speed record

The Hennessey Venom GT has set a new world speed record for a two-seat sports car, hitting an official top speed of 270.49mph. Carried out on the 3.2-mile Space Shuttle landing strip at the Kennedy Space Center in Florida, USA, the Venom GT eclipsed the former fastest car in the world’s record, the 267.86mph Bugatti Veyron Super Sport. On Bing: see pictures of the Hennessey Venom GTHennessey Venom GT reaches 265.7mph top speed It’s not the first time the Lotus Exige-based sports car has tried to take the French marque’s crown, with previous tests getting oh-so-close to beating the Bugatti.