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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.

One lap of the Web: A Ferrari F40, Sebastian Vettel and random acts of 'squandering'

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- Blood pumping, screaming your lungs out -- do you remember that first joyride during your formative years?

Coventry University degree show 2011

Coventry University recently held its annual degree show, showcasing the works of more than 100 graduating students from the school's five different design disciplines: Automotive, Product, Vehicle, Transport and Boat Design. This year's show took place over two floors and two wings of the School of Art and Design's Maurice Foss building, adjacent to the famed Bugatti building, which houses the programs' digitizing and modeling laboratory. And with all the varied design disciplines mixed together, walking around the entire exhibition took rather a lot of time.