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Luxgen Luxgen7 MPV

Luxgen, Taiwan's first automotive brand, has revealed its first vehicle: the Luxgen7 MPV. With a more curvaceous aesthetic than what is typical of family haulers, the Luxgen7 MPV also features a high level of functionality across three rows of seats. Created under the direction of James Shyr, former Director of Design of GM's Global Design Leadership Team at PATAC, the new MPV has been specifically created not to look like a box.

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.

Spyker hopes for a Saab purchase accord in 'days, not weeks'

Dutch niche carmaker Spyker Cars NV hopes to reach an agreement with General Motors Co. to purchase Saab in “days, not weeks,” Spyker's CEO said today. If that doesn't happen, CEO Victor Muller said, Spyker may have to give up.