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GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

Mercedes driven by Moss for sale

A "GULLWING" car that helped motor racing star Sir Stirling Moss win the gruelling Mille Miglia race is to be auctioned. Bonhams is offering the Mercedes-Benz 300SL at a sale at the Mercedes-Benz museum in Stuttgart, Germany, on July 12. Moss and his navigator Denis Jenkinson used the car on a course reconnaissance ahead of the 1,000-mile Mille Miglia race in Italy in 1955.

College Exhibition: Strate College Degree Show 2006

Graduating Transportation Design students at France's Strate College displayed their Diploma projects in the school's annual degree show, held at the central Paris school June 23-24. A jury of design managers from major European and international manufacturers including Renault, Citroen, General Motors, Hyundai, DaimlerChrysler and Volkswagen assessed the graduating students' work. The exhibition included work from the schools programs in Transportation Design, Product Design, Luxury Design, Services Design, Graphic Design, Packaging Design and a new three-year program in Modeling.