Walker 16419 Catalytic Converter on 2040-parts.com

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.

Beware valet parking insurance loophole

USING A VALET parking service could mean losing your car with no insurance cover. Drivers are being warned to check their insurance policies before handing over their car keys to valet parking attendants as more than half (51%) of the UK’s motor insurance policies do not cover this service. While valet parking companies provide insurance cover for their employees to drive your car, many insurance policies do not cover ‘damage to vehicle while in the control of valet parking staff.’ This means if your car is damaged or written off while it’s being parked or retrieved by valet parking staff, you could be left seriously out of pocket with no claim against the valet parking company.

GM's Bob Lutz put off retirement and put life back into a sagging lineup

Originally published: Sept. 14, 2008 Editor's note: This story comes from 100 Years: How General Motors Changed the World, published by Automotive News to commemorate the 100th anniversary of GM. In 2001, with seven years left to go in General Motors' first century, CEO Rick Wagoner knew that his product lineup badly needed upgrading if the company was going to have a second hundred years.