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Renault at the London motor show 2008

By James Foxall and CAR reader reporter Carcare Motor Shows 22 July 2008 13:46 With the Paris motor show coming up in October 2008, it’s a surprise Renault had anything of interest to offer show-goers at this week's London exhibition. But Renault UK had other ideas... The French firm’s R26.R – a lightweight, stripped-out Megane, made its world debut.

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.

Ford racks up $2.6 billion profit

Ford Motor Co. reported a second-quarter profit of $2.6 billion as U.S. sales rose 20 percent and the automaker continued to gain market share.