Vintage Multi-purpose Apco Automotive Wrench on 2040-parts.com

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.

New Jeep Grand Cherokee S-Limited launches

Jeep has revealed a limited edition Grand Cherokee with the looks of the SRT8 but without the price or outright power – the new Jeep Grand Cherokee S-Limited. Reports of the death of the SUV have been greatly exaggerated in recent years, and the whole SUV sector – from compact to full size – still holds a lot of appeal for buyers. And when it comes to full size SUVs few do it any better than Jeep – certainly as far as off-road experience goes – even if previous versions of their full size Grand Cherokee have been a bit below European standards in terms of materials and on-road ability.

One Lap of the Web: Elon Musk's Hyperloop, Greenwich Concours and a Model T

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. The 2013 Porsche Rennsport Australia went off over Memorial Day weekend at Sydney Motorsports Park and motorsportretro.com has full gallery of pictures.