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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.

Car industry needs to agree on an app standard

Application developers who want their programs to run in cars are flush with options -- too many options. They can choose to target Toyota Entune standard, Ford Smart Device Link, BMW Connect, and many more. All, by the way, completely incompatible with each other, meaning that any programmer who wants their app in multiple cars has a long road ahead of them.

Speed launches Internet channel as pipeline to show more races

The Speed Channel, usually relegated to the upper-hundreds on the cable-channel spectrum, is launching a new broadband channel on the Internet. Speed2 will only be available to current Speed subscribers and will have at least a dozen race series that normally don't make it to the TV channel. Subscribers of the cable channel will go through a short authentication process to access the network.