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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.

Toyota condemns the Electric Car

Electric cars - like the Reva NXG - are not a viable mass-market option. Toyota’s head of R&D in Europe – Masato Katsumata – said in a speech that the electric vehicle won’t be a mass-market phenomenon, and that the future – at least in the coming decades – will be petrol engine hybrids. “We don’t see any short-term breakthrough in battery technology” he said.

VW at Leipzig Auto Show: CC R Line, Scirocco GTS, Beetle Fender & CrossPolo ‘Urban White’

Volkswagen is going to the 2012 Leipzig Auto Show with a quartet of new models, but only one is heading for the UK. The Leipzig Auto Show may not rank in the top tier of world car shows, but that’s not stopping Volkswagen from turning up with a whole heap of new models this weekend. The VW CC R Line is exactly what it says on the badge, a butched-up version of VW’s CC with a set of 17″ alloys, a bit of a body kit, a splash of chrome and a R Line multi function steering wheel inside.