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BMW M1 Hommage concept (2008): first official pictures

By Tim Pollard First Official Pictures 27 April 2008 12:47 The new BMW M1 Hommage was a surprise debutant at the Concorso d’Eleganza 2008 di Villa d’Este this weekend. No prizes for guessing what it is: this is an official concept car to mark the 30th anniversary of the original M1 supercar. The Hommage is a clever reinterpretation of the 1978 coupe, bristling with echoes of the original.

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.

GM recalls small cars to fix steering problem

A problem with the power-steering system is prompting General Motors to recall 1.3 million small cars. There have been reports of 14 crashes and one injury related to the steering problem, GM said on Tuesday. The recall covers 2005-10 Chevrolet Cobalts and 2007-10 Pontiac G5s sold in the United States.