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Peugeot 408 GT teased ahead of Beijing 2014 debut

Peugeot will show a new concept car at the 2014 Beijing Motor Show this April, hinting at a small four-door coupe that could rival the Mercedes-Benz CLA. The prototype will most likely be based on the French firm’s current 308 hatchback – underpinned by PSA Peugeot Citroen’s latest EMP2 platform – and will continue to evolve the brand’s new design direction. On Bing: see pictures of the Peugeot 308 Find out how much a used Peugeot 308 costs on Auto Trader The concept is thought to be relevant to the Chinese market only, however, as Peugeot already sells a 408 saloon model solely in that territory, based on its older 308 hatch.

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.

125th Anniversary of the Automobile: Karl Benz and Gottlieb Daimler put the world on wheels

The world will mark the 125th anniversary of the invention of the automobile on Jan. 29. Karl Benz filed a patent for a three-wheeled vehicle driven by a gasoline engine in Mannheim, Germany, on that day in 1886, the same year Gottlieb Daimler completed his motorized carriage in Cannstatt, Germany.