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Koenigsegg signs deal to buy all of Saab

By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.

Chrysler, Nissan and GM lead industry to 8 percent gain

UPDATED--Chrysler Group, Nissan North America and General Motors led the industry to an 8 percent U.S. sales gain in August. The seasonally adjusted sales rate slipped to 12.13 million from July's 12.24 million as a stagnant economy, last week's U.S.

Show Review: Salone del Mobile 2014

Milan Salone, the city's annual furniture extravaganza, sees exhibitors in their thousands take over the halls of the Fiera Milano exhibition center in the Rho district. Its sprawling physical size dwarfs any motor show, making even the maze of Frankfurt's Messe seem compact, while the list of exhibitors can be plain overwhelming. Trying to contain the creative force of nature that is the world's largest design fair in one venue simply isn't possible, either.