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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.

Arash AF-8 (2008): first official pictures

By Ben Pulman First Official Pictures 21 January 2008 16:49 Arash Farboud, the man who created the car that spawned the Farbio GTS, has today announced details of his latest supercar venture, the AF-8. Priced at £120,000, the AF-8 is the baby brother to the AF-10 - a smaller, more user-friendly car than the hardcore hypercar. Though both cars will use the same GM-sourced 7.0-litre V8, the AF-10 will use a tweaked version with 550bhp, while the AF-8 will use the unit in standard Corvette Z06 tune.

VW planning sub compact SUV / Crossover below Tiguan

VW planning Juke competitor Volkswagen has revealed they are planning a compact SUV / Crossover to sit below the Tiguan. Just last week Volkswagen revealed the Cross Coupe, a compact hybrid SUV, smaller than a Tiguan but bigger than a Golf. And now VW design boss Walter de Silva has revealed VW are planning a sub-compact SUV.