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.

Subaru's Levorg concept set for Tokyo

Subaru has revealed the first teaser images of its Levorg tourer concept ahead of its unveiling at next month's Tokyo Motor Show. The concept, which previews a new 2014 model, is designed to blur the line between a tourer's practicality and a sports car's design and will target the Japanese market. Its name is derived from a combination of the words ‘Legacy', ‘Revolution' and ‘Touring'.

2014 Cadillac XTS Vsport priced at $63,020

We knew the 2014 XTS Vsport would get twin-turbo power, but now Cadillac has officially revealed the pricing and specs for the new high-powered XTS at a healthy $63,020, including destination. The 3.6-liter twin-turbo V6 delivers 410 hp and 369 lb-ft of torque and has an array of new features, including all-new cylinder block casting, strengthened connecting rods, more than 12 lbs. of boost from the two turbochargers and an all-new direct-injection fuel system.