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Aston Martin Zagato, Alfa Romeo take honors at Concorso d’Eleganza Villa d’Este

A 1968 Alfa Romeo 33 Stradale won the Trofeo BMW Group, given by the judges for the best in show at the Concorso d’Eleganza Villa d’Este on the shores of Lake Como, Italy, over the weekend. The Coppa d’Oro, for best in show as voted by the public, went to a 1942 Alfa Romeo 6C 2500 SS. The Aston Martin V12 Zagato, created to celebrate the 50th anniversary of the famous DB4 GT Zagato, won a design award for Best Concept Car or Prototype.

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.

Hyundai to guarantee trade-in values

Starting May 1, Hyundai Motor Co. will guarantee the future trade-in value of its new vehicles. When a consumer buys a new vehicle from a Hyundai dealership, the company will guarantee what the trade-in value of that vehicle will be after the second full year of ownership through the fourth year.