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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.

Vauxhall Insignia VXR (2009): first official photos

By Tim Pollard First Official Pictures 15 April 2009 00:01 Yesterday we brought you spy video footage of the new Vauxhall Insignia VXR. Today we have the first official photographs of Luton’s new cut-price M3 four-door. Vauxhall will have the sporting family car segment almost to itself – Ford no longer builds a Mondeo ST and most European rivals no longer bother with high-horspower saloons (excepting VW’s equally crazed Passat R36).

Mercedes B-Class gets a facelift for 2015 – debuts at Paris Motor Show

The Mercedes B-Class facelift goes on sale today (12 Sep 2014) from £22,575 It seems only five minutes since the second generation Mercedes B-Class arrived, but it’s getting a bit of a facelift – with the emphasis on the ‘bit’ – for 2015, with the main focus being the arrival for the UK of the B-Class Electric Drive which, for many considering an EV from a premium maker, is perhaps a better option than the ‘statement’ BMW i3. Tesla had a big input on the B-Class ED’s electric gubbins, and the result is an electric B-Class that develops 177bhp (and 251lb/ft of torque), enough for a scoot to 62mph in 7.9 seconds (top speed is limited to 100mph). Range, in an ideal world, is 124 miles from the 16.6kWh lithium ion batteries – enough for most commutes.