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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.

RCA Tata 'Space' project

First year students at the Royal College of Art in London, UK, presented their interpretations of a small Tata that boasted internationally appealing Indian character. Following on from the Indica and Nano small cars, the project aimed to call out existing typologies for the brand and create an innovative and internationally relevant product. The brief also aimed to build on – and assist – Tata's fast-track development to be a leading small car global brand by building on the brand's extensive portfolio beyond the automotive sector.

Fiat at the Geneva Motor Show – Abarth Punto EVO

The Abarth Punto EVO - Geneva bound Fiat’s hot Herberts – Abarth – don’t just have the Abarth 500C Convertible to stick on their stand at Geneva, they also have a tweaked and sorted Punto EVO – the Abarth Punto EVO – to get the attention of show-goers. The performance division of Fiat have stuck a bigger turbo on the Punto EVO which ups the output to 165bhp and drops the 0-60mph time to 7.7 seconds. But economy and emissions don’t seem to suffer with the EVO managing 47mpg and emissions of 142g/km.