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Read the GM press release annoucing the sale of Saab to Spyker Cars

PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

Detroit 3 set pace as March sales advance

UPDATED-U.S. light-vehicle sales -- led by strong pickup and crossover demand at Detroit's automakers -- rose 3 percent to 1.45 million units last month, slightly below forecasts but a positive signal the spring selling season is off to a solid start. It was the industry's best month since 1.48 million light vehicles were sold in August 2007.

Lotus goes light again with go-karts

Group Lotus, not to be confused with Formula One's Team Lotus, is trying its hand at grassroots racing. The Lotus Racing Karts team will unveil its first 2012 model at the annual Autosport International event on Jan. 14, 2012, in Birmingham in the United Kingdom.