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GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

Maserati GranCabrio at Frankfurt

Maserati will be launching the Maserati GranCabrio at Frankfurt It’s taken Maserati a year or three to cobble together the Convertible GranTurismo, but they’ve finally got there and the new car is Christened – The Maserati GranCabrio – and will launch at the Frankfurt Motor Show next month. Unlike its cousin the Ferrari California, the GranCabrio gets a folding rag-top instead of a tin-top, which should help keep the inevitable weight gains for a cabrio in check. But it’s still not going to be light at pushing on two tonnes.

New Toyota Supra Concept first look – heading for Detroit 2014

New Toyota Supra Concept first look – heading for Detroit 2014 A new Toyota Supra is something Toyota were planning before the world’s economy jumped off a cliff in 2008, but with the world running out of money – and fripperies like sports cars low on the priority list – Toyota swerved away from its plans to launch a new Supra. But the world has moved on since 2008, and Toyota have got increasingly bullish about performance cars in the last year or two. So now it looks like a new Toyota Supra Concept is heading for next month’s Detroit Auto Show.