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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.
Quarter of UK cars' brakes 'could fail without warning'
Tue, 05 Aug 2014MORE THAN a third of all cars in Europe have brakes that could fail without warning, according to a new report. Research carried out for Cosan Lubricants’ Mobil Car Care range, at independent service garages across the UK found that 26.5% of UK motorists had defective brake fluid, with nearly one in 10 unintentionally risking their lives every time they drove. The research tested the quality of brake fluid – the liquid that allows the modern braking system to work.
SSC Tuatara revealed in Shanghai
Sat, 13 Aug 2011Jerod Shelby reveals the SSC Tuatara in Shanghai We finally discovered last month that Shelby Supercars wouldn’t be calling their new Veyron-bashing hypercar the Ultimate Aero II (which seemed logical) but has instead taken a leaf out of Pagani’s ‘Book of obscure names for Supercars’ and decided on SSC Tuatara. Yep, SSC has named their hypercar after the Maori name for a lizard, a lizard with the fastest evolving DNA of any creature (doubtless the motivation for Jerod nicking the name for his car). Interestingly, a comment on the story we ran about the new SSC getting the Tuatara moniker said that as well as having the fastest evolving DNA of any creature, the Tuatara “…puts a tortoise to shame in the slow moving stakes, and is also regarded as a living link to the dinosaurs” which, for Jerod Shelby’s benefit, we should probably gloss over.