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GM and Koenigsegg agree Saab sale

By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.

Cadillac CTS-V Coupe (2011) revealed

First Official photos of the Cadillac CTS-V Coupe We got confirmation that the CTS-V Coupe was going to be built just a couple of days before GM revealed the CTS Coupe. And now we have the reveal of the first pictures from Cadillac of the 2011 Cadillac CTS-V Coupe ahead of the official reveal at the Detroit Motor Show this month. No surprises in store – except perhaps just how good it looks – with its 6.2 litre, 556 bhp V8 almost defying resistance by hurtling the not inconsiderably-sized CTS-V Coupe to 60mph in 3.9 seconds.

GM to import more Chevy Spark minicars from Korea

General Motors is increasing imports of Chevrolet Spark minicars for sale in the United States following a stronger-than-expected launch here. GM recently upped its order for Sparks from the Korea plant that produces the car, Cristi Landy, marketing director for Chevrolet small cars, told Automotive News. “We've asked for more already,” Landy said Wednesday.