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Mitsubishi to make Outlander Sport at Illinois plant

Mitsubishi Motors Corp. said Friday it will invest $100 million to build the Outlander Sport crossover at its Normal, Ill., plant starting in summer 2012. Mitsubishi expects annual output of 50,000 units, with half dedicated to North America and the rest for export to Russia, Latin America and the Middle East.

Jaguar adds AWD, new four- and six-cylinder engines to 2013 lineup

Jaguar is offering the option of all-wheel drive on the XF and XJ sedans for 2013 models, and adds supercharged four- and six-cylinder engines to the XF. Also, all automatic XF and XJ sedans will use a new eight-speed transmission from German supplier ZF, as Jaguar looks to boost the fuel economy of its vehicles. Powertrains get the most significant changes for Jaguar in the 2013 model year.

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.