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GM spending $336 million on plant upgrades for Volt production

General Motors on Monday said it would spend $336 million on upgrades to the Hamtramck plant near downtown Detroit to build the Chevrolet Volt hybrid car. The plant will begin building Volt prototypes next spring, using the Hamtramck plant's existing production line. Production of saleable vehicles begins next fall.

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.

European Parliament: electric cars must make noise

The European Parliament has voted in favour of a European Commission proposal to decrease the maximum allowed noise for new cars, vans, trucks, buses and coaches, in an effort to reduce “vehicle noise nuisance” by 25%. At the same time, the EU has voted in favour of a proposal to force carmakers to fit electric and hybrid electric vehicles with a sound generating device, to improve low speed safety for pedestrians and the visually impaired. On Bing: see pictures of electric cars Find out how much a used electric car costs on Auto Trader The proposed changes, which are expected to become law, would see new car noise levels reduced by four decibels, commercial vehicle noise levels reduced by three decibels.