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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.

Who's Where: Felix Kilbertus appointed Fiat chief exterior designer

Felix Kilbertus has been appointed Fiat's chief exterior designer. Kilbertus' move sees him cross Turin, from his previous position as a lead designer at Pininfarina, to Centro Stile. In his new role he is responsible for the exterior design of Fiat-branded passenger vehicles.

Design Contest: LA Auto Show previews 2006 Design Challenge

Dec 2, 2005 - The Los Angeles Auto Show has revealed entries for the second annual Design Challenge, part of the 'Design Los Angeles' automobile designers conference. Now in its second year, the conference bridges designers interests by providing workshops, leading design speakers and the opportunity to address common issues. More than 400 designers attended last year's inaugural event.