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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.

Hyundai i40 / Sonata launches

The new Sonata / i40 has launched in Korea The Sonata – which will be the Hyundai i40 in Europe – is yet another very convincing new model from the Koreans. Gone is the very boring old Sonata and in comes the very European style i40. It is a somewhat derivative design – from the  ’Coupe Saloon’ school of design – but that’s a positive for a budget car maker like Hyundai.

Olympian Hoy dreams of racing at Le Mans

SIR CHRIS HOY is planning a competitive comeback in 2016, with the Le Mans 24 hours race the target rather than the Rio de Janeiro Olympic Games. The 38-year-old is Britain's most decorated Olympian with six gold medals, including two at London 2012, and has won 11 world titles. He announced his retirement in April 2013, but his passion for motor racing and competition will be fulfilled after agreeing a deal with Nissan, which will see him compete in the 2014 British GT Championship.