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GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.

Toyota Auris Touring Sports: Price from £15,595

The new Toyota Auris Touring Sports – the Auris Estate – will start from £15,595 for the Active 1.33-litre Dual VVT-i rising to £22,845 for the Excel Hybrid. The new Auris Estate will start at £15,595 for the Active 1.33-litre Dual VVT-i and top out at £22,845 for the Excel 1.8 Hybrid Synergy Drive with CVT box, and in between will be two other engine choices - 1.4 D-4D and 1.6 Valvematic – and a total of four trim levels – Active, Icon, Sport and Excel. The trim levels mirror those on the Auris hatch, so the Active trim gets Climate, Hill Start, roof rails and 15″ steel wheels, with the Icon trim adding 16″ alloys, Fogs, Touchscreen Infotainment with Bluetooth, DAB and rear view camera.

Ferrari 458 Challenge revealed

The Ferrari 458 Challenge It seems Ferrari had a bit of an issue when they decided they wanted to take the 458 Italia racing – it was just so good in standard form. So instead of giving the 458 Italia more power, they concentrated on making the 458 lighter and tighter to create the Ferrari 458 Challenge, unveiled this week in Bologna. The 458 Challenge gets exactly the same 562 horses out of its 4.5 litre V8 as the Italia.