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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.

College Exhibition: CCS - American Iron and Steel Institute project 2006

Students from Detroit's College for Creative Studies and University of Michigan have unveiled the results of the 18th annual American Iron and Steel Institute (AISI) summer automotive design internship. Three engineering students joined three transportation design students to produce concept vehicles that targeted either Generation X, Baby Boomers and the Millennial generation. The concept vehicles embody leading-edge steel technology utilizing a flexible platform.

Seat Leon ST (2014) at Frankfurt motor show

The new Seat Leon ST is the first time the Spanish marque has offered the Leon as a wagon, which will be the third body style alongside the three-door Leon SC and five-door hatch versions. Based on the impressive new VW Golf Estate the Leon ST will be cheaper than the Golf wagon when it arrives in UK showrooms in January 2014. Is it just a Golf Estate with a different look?