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Koenigsegg signs deal to buy all of Saab
Tue, 18 Aug 2009By 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.
Qvale, nearing 90, sees life after crash for U.S. industry
Mon, 06 Jul 2009The troubles roiling Detroit's automakers are familiar to Kjell Qvale, the legendary importer and dealer in San Francisco. Qvale, who turns 90 on July 17, has seen this movie before. For instance, many of the British automakers that Kjell Qvale (shel kah-VAH'-lee) depended on for sports and luxury cars collapsed in the 1970s.
New Maserati Quattroporte to get Supercharged Ferrari V6
Sun, 10 Jun 2012It’s reported that the next generation Maserati Quattroporte will be offered with a Ferrari-built V8 turbo and Supercharged V6. The next generation Maserati Quattroporte has been a long time coming, and much of that is tied up with Fiat’s takeover of Chrysler. Normally, we could have expected a new Quattroporte to arrive by now, but with everything in the mix after Chrysler and Fiat became one, the exact future of the Quattroporte was in flux.