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Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.

Autostyle Design Competition 2013: The Results

The results of the tenth annual Autostyle 2013 design competition are in, with three Italian and two French design students earning this year's top plaudits. The contest challenged students from eight schools from around the world to create a custom vehicle from a Citroën Revolte concept, Suzuki SX4, Audi Crosslane, Land Rover Defender DC100 concept or Maserati Ghibli. The schools involved were: Creapole; Istituto Europeo di Design (IED); Institut Supérieur du Design (ISD); Istituto Superiore Scienza dell'Automobile di Modena (ISSAM); Politecnico di Milano; Royal College of Art; Strate College; and Umeå University of Design.

Japan's concept cars - the craziest of the noughties

By Alex Michaelides Motor Shows 19 August 2009 10:00 Here we are, celebrating the best cars that Japan has produced, but what about the ones it hasn’t? At many motor shows – and particularly ones in its back yard – the Japanese industry serves up some wild concept cars which boggle the brain and tickle the ribs. It’s hardly surprising that few of them hit the mainstream.