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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.

Carroll Shelby's AC Cobra to be auctioned

A limited-production 1965 Shelby Cobra 427 CSX1001 will be available at the Russo and Steele Collector Automobile Auction in Scottsdale, Ariz., Jan. 19-23, 2011. This vehicle is one of 12 in the CSX1000 series to have an AC-built body.

Honda Small Sports EV Concept (2011) first pictures

Honda hopes to set the agenda at the 2011 Tokyo motor show with no fewer than seven concept cars – including its answer to the BMW i8, the new Small Sports EV Concept. Little is being said about the new compact sports car, but we know it will definitely be a full EV. These first design sketches reveal a stubby targa top with new Honda styling cues.