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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.

Is the new Jaguar sports car going to be the Jaguar C-XE?

Is the new Jaguar Sports car going to be called the Jaguar C-XE? Jaguar are keen to associate their new sports car – the Jaguar C-X16 Concept – with the legendary E-Type, so it seemed logical they would call it XE. But it looks like it may actually be the Jaguar C-XE.

Citroen DS3 Racing: UK price & details

Citroen DS3 UK Details & Prices We brought news of the Citroen DS3 Racing back in February and now, some six months on, Citroen has got round to sending us some concrete details and UK prices. Which are a bit of a surprise. The Citroen DS3 Racing is going to cost a hefty £23,100 (which as it won’t be hitting customers until early 2011 does include VAT at 20% – still steep though) when it arrives in 2011.