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.

Autoweek's top 12 videos of 2012

Well, 2012 is over, we've watched the ball drop and made our New Year's resolutions. Before we venture into 2013 it's time to put a bow on 2012 with our top 12 videos of the year. Porsche Boxster S review Natalie Neff reviews the Porsche Boxster S at Michigan International Speedway, 15 years after its original release.

Kia Picanto (2011) first official pictures

This is the new Kia Picanto, which will be unveiled offiically at the 2011 Geneva motor show this spring. Two bodystyles will be available this time: a three- and a five-door supermini, broadening the appeal of the baby Kia. Prices are estimated to start at £7000.