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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.

Prince Harry burns rubber at Goodwood

EVERYONE’S favourite Royal fun-lover Prince Harry took to the race track at the weekend with a visit to the famous Goodwood Motor Circuit. After being welcomed by keen petrolhead Lord March, owner of Goodwood, the Prince put in some hot laps in a classic Aston Martin DB4, before jumping into a Lamborghini Gallardo for an even faster run as part of his activities for the Royal Foundation Endeavour Fund. He obviously enjoyed himself, because after that he drove more laps in a Jaguar F-Type and an Aston Martin V8 Vantage before getting down to the business end of his charity-centred visit.

Honda Vezel urban SUV crossover stars at the Tokyo Motor Show 2013

Honda has unveiled its take on the burgeoning compact crossover sector at the 2013 Tokyo Motor Show, and it’s called the Vezel. You can do your own jokes, but rest assured it won’t be called that once it reaches the UK sometime in 2015. It’s based on the same platform as the all-new Honda Fit, the car we know as the Jazz, and will go on sale in Japan this December.