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Aston Martin to shift Rapide production to U.K.

Aston Martin said it will transfer production of the Rapide sedan to the U.K. from Magna Steyr in Austria. Rapide production will move to the company's headquarters in Gaydon, central England, in the second half of 2012, the company said Tuesday.

Porsche hits out on CO2

By Phil McNamara Motoring Issues 22 June 2007 10:30 Porsche's next Cayenne and Panamera saloon will get petrol-electric hybrid engines, CAR Online can confirm, as the firm strives to reduce CO2 emissions. The sports car maker has gone on the attack, with tough new European Union guidelines on carbon emissions looming. Brussels has already announced it would like the average new car's emissions to total 130g/km of CO2 by 2012, and is now haggling with the industry about implementing the target.

GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.