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Koenigsegg signs deal to buy all of Saab

By 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.

Geneva motor show 2011: the CAR Live Blog

Welcome to CAR Magazine's coverage of the 2011 Geneva motor show. We're reporting live from Switzerland to bring you all the new car news, analysis, photo galleries, comment and gossip from the Geneva auto show. Follow the CAR Live Blog here and click through the related articles for full stories on each launch at Geneva 2011.

Spring Mountain opens Cadillac V-Series Academy

While half the country is slogging through snow this time of year, some of you -- like Cadillac -- are prepping for the racetrack. The Cadillac V-Series Academy at Nevada’s Spring Mountain Resort and Country Club is now open to the public. The resort, just outside Las Vegas, has four miles of racetrack and 125 feet of elevation change.