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GM and Koenigsegg agree Saab sale

By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.

Volkswagen Bulli concept

An evolution of the Microbus concept unveiled ten years ago, the Bulli is Volkswagen's T1 renaissance. The Bulli is yet another electric concept that graced the floor in Geneva, boasting a range of around 300 km to a single charge from its 85 kW motor. The two tone exterior, complete with oversized VW emblem is a direct nod to the T1.

The Acura NSX at 25

On Feb. 10, 1989, executives from Honda and a newly founded division known as Acura piled into a conference room in Chicago's historic Drake Hotel to rehearse the unveiling of an unbelievable new car -- a Technicolor vision for the future, something never before built by Honda or any Japanese automaker. As the public relations department went over its lines, Tadashi Kume, then-president of Honda and an instrumental figure in Honda's Formula One efforts, presided.