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Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

USED CAR PRICES FIRMER THAN IN SUMMER

USED CAR prices were firmer across most sectors between September and November than the previous 3 months, according to the used car pricing experts, CAP. The CAP Used Car Price Index also reveals an increase in values for 4x4s over the period while convertibles are hitting the doldrums. A reduction in the number of used cars available overall, at the benchmark 3 year old point, is helping to keep prices relatively stable in most cases.

Volvo reveals pricing for refreshed 2014 model range

There are quite a few changes in Volvo's lineup for the 2014 model year, perhaps representing the most serious model shakeup for the automaker this decade. For starters, almost all the cars in Volvo's current U.S. lineup have been facelifted with the notable exception of the XC90 SUV, which enters its last model year before it is replaced by an all new truck.