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Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

Mitsubishi to build new family of vehicles in U.S.

Mitsubishi will assemble a new family of vehicles at its Illinois plant within two years, a source familiar with the company's plans said. The vehicles will be based on the platform underpinning the Outlander and Outlander Sport crossovers and Lancer sedan, the source said. Those models are assembled in Japan.

AC 378 GT Zagato supercar at 2012 Geneva motor show

British sports car specialist AC is back and teaming up with fabled Italian coachbuilder Zagato to create the new AC 378 GT Zagato, the first all-new AC for some time. The company has had an on-off relationship for much of the past decade, with production switched abroad, management changes and a confusing product line-up. But new management has been installed and are hoping to make a fist of AC Cars, one of the world's oldest car brands.