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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.

Desperately seeking Toyota Carina E

It’s 20 years next month since Toyota opened its Burnaston Plant in the UK, and they’re desperately seeking the earliest Carina E built in 1992. Twenty years ago next month, in December 1992, Toyota started producing cars in the UK in a new plant at Burnaston in Derbyshire. And with such a milestone looming, Toyota are keen to celebrate.

£495k list price for David Brown Automotive Speedback GT

David Brown Automotive has announced its Speedback GT will cost £495,000 plus local taxes – meaning it’ll set UK buyers back a whopping £594,000. Unveiled at the Top Marques show in Monaco, the Speedback is based on the £78,965 Jaguar XKR and powered by a supercharged 5.0-litre engine. On Bing: see pictures of the David Brown Automotive Speedback David Brown Automotive Speedback revealed David Brown has no connection with Aston Martin, despite sharing his name with the previous managing director who gave his initials to many of the model names, and the classic DB5 that bears more than a passing resemblance to the Speedback.