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Man arrested for stealing same Ferrari twice

AUTHORITIES have arrested a California man they say stole the same Ferrari - twice. Earnie Hooks, of Los Angeles, was arrested last week behind the wheel of the 250,000 dollar (£155,000) car, the Riverside Press-Enterprise said. Court records said he has pleaded not guilty to car theft and resisting police.

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 Scirocco R revealed

The new Volkswagen Scirocco R revealed today Despite dropping the 6 cylinder engines previously used, this is the hottest and fastest Scirocco VW has ever made. Power comes from a 2.0 litre, four-cylinder turbocharged engine, offering 265bhp. But there is no four-wheel drive on this Scirocco, instead VW has opted to offer the car as a front-wheel drive only, but benefiting from XDS (an electronic cross-axle traction control system).