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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.

Sell-Out Goodwood Revival Wows The Crowds

A SELL-OUT crowd of 148,000 enjoyed the 17th Goodwood Revival Meeting on the weekend of September 12-14 at the Goodwood Motor Circuit. The on-track highlights included the annual RAC TT Celebration race for early-1960s GT cars, comprising a £150 million field that included Jaguar E-types, Aston Martin Project cars and even a Bizzarini. The 60th anniversary of the Jaguar D-Type was marked with a 30-car parade plus the Lavant Cup race exclusively for examples of the Le Mans-winning British sportscar, while the Maserati 250F also turned 60 with variants of the Italian grand prix car making up two thirds of the Richmond Trophy field for front-engined F1 machinery of the late 1950s.

Businessman opens private toll road

THE BUSINESSMAN behind a private toll road by-passing a closed commuter route is confident he will not have to sell his home if the venture fails. Mike Watts, 62, has until Christmas to recoup his £300,000 investment or face losing his house. He is charging motorists £2 per journey to use his bypass made from rolled chippings and avoid the closed section of the A431 between Bath and Bristol.