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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.

Volkswagen Golf R Cabriolet price cut – down by £5,600

The VW Golf R Cabriolet (pictured) drops in price by £5,600 We’ve long wondered why Volkswagen hadn’t built a Golf R Cabriolet. But when they did finally bite the bullet and take the top of the Golf R for a production run, it was a bit of a let down. It was a let down because it seemed so cynical.

Porsche reveals extreme 911 GT2 RS

WITH VIDEO-- Porsche has revealed its most powerful and arguably most extreme road-going 911 to date: the GT2 RS. The new rear-wheel-drive road rocket will debut publicly at the Moscow auto show in late August and will go on sale in the United States in October. Sticker price: $245,000.