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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.

Ariel Atom 500 will come to U.S., packs 500-hp V8

This is the car in which strapping yourself in tight is mandatory. British boutique automaker Ariel Motor Co. is on the verge of rolling out the Atom 500, the latest version of its ultralight, two-seat street and track car, this one fitted with a 500-hp narrow-angle V8.

Hot Wheels and Icon in sandbox battle

As first reported by Jeff Glucker of Hooniverse, the toymaker Mattel has been accused of infringing on a trademark held by the low-volume vehicle builder Icon 4X4. Icon claims that a Hot Wheels toy being distributed worldwide is based on its Icon FJ40—which itself is based on the Toyota FJ40—and that Hot Wheels' use of Icon's design, promotional materials and the name “FJ40” violates trademarks held by Icon. In its response to Tuesday's Hooniverse post, Hot Wheels claimed that the toy is not based on the Icon FJ40, and that it has the right to use the term “FJ40” despite Icon's trademark.