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Senate passes 'cash-for-guzzlers' bill; Obama likely to sign

The U.S. Senate passed a scaled-back $1 billion cash-for-guzzlers bill and sent it to President Barack Obama for his expected signature. The 91-5 vote took place after 5 p.m.

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.

Alfa Romeo MiTo facelift revealed at the 2013 Frankfurt Motor Show

The Alfa Romeo MiTo has been refreshed for the 2014 model year here at the 2013 Frankfurt Motor Show – a subtle facelift that the Italian maker will be hoping is enough to see off the challenge from the forthcoming all-new MINI. There’s still no five-door variant but revised engines and updated trims make the smallest Alfa feel just that bit more modern.