Young driver faces financial ruin after clipping Rolls-Royce

NANJING, China - A young man in Jiangsu, stands to face financial ruin after clipping a brand-new Rolls-Royce Phantom in the city of Nanjing, according to Chinese media reports.

The 21-year-old man surnamed Liu, works as a chef for 2,000 yuan (S$402) a month. But the cost of repairs, according to reports, may come up to $1 million yuan.

Tycoon sues agent over 'flaw' in Rolls-Royce

Above: A Year of the Dragon version of the Rolls-Royce Phantom limo for the
 China market. Inset: Tycoon James Koh Wee Meng, seen in a 2005 ST file photo.

SINGAPORE - A tycoon is suing the Rolls-Royce agent here, Trans Eurokars, over an alleged flaw in a Phantom limousine he bought four years ago, The Straits Times reported today.

Mr James Koh Wee Meng, the owner of the Fragrance hotel chain, had bought the limousine for $1.4 million then. However right after collection on or around Dec 23, he discovered that the car was making loud noises when moving out of a three-point turn.