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GM and Koenigsegg agree Saab sale

By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.

Beaulieu Gears Up For Bank Holiday Supercar Festival

BEAULIEU’S 2014 Supercar Showdown is gearing up for an action packed show on Bank Holiday Monday, 25 August, when this popular event will be welcoming supercars into the National Motor Museum’s picturesque parkland for a day of motoring action. Now in its eighth year, two hundred high-performance supercars are booked in for the event including a Lamborghini Aventador, Alfa Romeo 8C, Ferrari 458 Speciale, Jaguar XJ220 S, McLaren 12C and a Bugatti Veyron. A number of car clubs and dealerships will also be in attendance, including the Ford UK Heritage collection, with their Ford Supervan, Porsche Club GB, Westover Group, Morgan Motor Co.

Scion will add fourth vehicle

Scion plans to expand its model line from three vehicles to four. Also, Scion Vice President Jack Hollis said: "Within the next two years, we will have a replacement tC" coupe. The tC coupe will be nearly 7 years old when the redesign arrives, but such a long life cycle will not be the norm for Scion in the next decade.