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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.

Kia sports coupe concept

By Tim Pollard First Official Pictures 18 July 2007 09:15 Kia sports coupe concept: the first glimpse Do you detect hints of Audi TT about this low-slung sports car concept? Maybe you should, because it’s the shape of Kias to come and was designed by Peter Schreyer, the Koreans’ new design director and former head of design at Audi. It’s being hailed as a landmark car for Kia, and we’d say that for once the PR puff is spot-on.

Jeremy Hicks is new Jaguar Land Rover UK MD

Jaguar Land Rover UK appoints Jeremy Hicks (pictured) as Managing Director Jaguar Land Rover have decided to tidy up their management structure at JLR UK, and have appointed a single Managing Director for Jaguar Land Rover UK, which brings JLR UK in to line with the practice in other JLR regions around the world. Historically, probably because Jaguar and Land Rover were originally separate entities in the UK, Jaguar UK and Land Rover UK have had their own Managing Directors – until this reshuffle they were Geoff Cousins at Jaguar and Colin Green at Land Rover – but with JLR growing strongly worldwide it was felt it was time to tidy things up. That means the arrival of former Audi UK boss Jeremy Hicks to the fold as the new MD of JLR UK.