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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.

Ford teams up with Heinz for tomato car parts

Ford and Getty Images Forget carbonfibre, the new must-have material on your vehicle will soon be tomato fibre – or so Ford and food manufacturer Heinz are hoping. The American carmaker and the food giant have teamed up to "explore the use of tomato fibre to develop a sustainable bio-plastic material for vehicles," bringing environmentally friendly motoring to a whole new level. Ford and Heinz tomato car parts: how will they work?

Caterham Cars up production

Caterham Cars is increasing production as buyers opt for cheaper thrills. Now admittedly, Caterham increasing production is not going to turn the economy around – they make fewer cars in a year than VW make in an hour. But they are obviously doing something right.