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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.

Ferrari 458 Italia World Première +Video

The Ferrari has its world premiere this week in Maranello Wednesday evening saw gala presentation of the 458 Italia to an invited crowd, and Ferrari had every Ferrari-associated face on display, from Michael Schumacher to Piero Ferrari. It’s the usual glad-handing event, but we do get a few glimpses of the 458 in motion, and it’s a curtain raiser for the proper reveal next week at Frankfurt. I’ll take the nice black one near the end of the video.

Peugeot RCZ revealed

Peugeot has finally released details of the Peugeot RCZ, which will launch at Frankfurt Despite our previous criticisms that the Peugeot RCZ looked like a clone of the old Audi TT, we think it’s a great looking car. It’s a real statement of intent to push Peugeot more towards the ‘Sporty’ and leave Citroen to do the ‘Luxury’. And it looks set to cost less than £20k (as a starting point) when it finally goes on sale next Spring after an official reveal at Frankfurt next month.