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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.

New Ford Fiesta – Autoblog loves it!

Autoblog tests the Ford Fiesta and loves it But Ford are going to love the positive review which, to be honest, concurrs pretty much with our own views. It looks good, handles really well and feels a lot quicker than the headline figures suggest. But you can tell they usually drive bigger cars.

Hyundai delays Sonata Hybrid deliveries for change in sound device

Delivery to dealerships of most of Hyundai's initial Sonata Hybrids has been delayed until at least late March because the brand is altering the car’s device that emits an artificial engine noise at low speeds. Hyundai planned to have the car available in January but only a small number of the vehicles are in dealer stock, Hyundai spokesman Jim Trainor said. Trainor declined to say how many Sonata Hybrids have arrived in the United States but said about 700 units are in port or at sea.