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.