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Almost 1 million cars made in UK this year

CAR MANUFACTURING accelerated ahead last month, according to official figures. A total of 132,570 cars were made in the UK in July 2014 - a 2.8% rise on the figure for July 2013, the Society of Motor Manufacturers and Traders (SMMT) said. Last month's total took the year-to-date figure to 923,884 - a 3.4% increase on the total for the first seven months of last year.

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.

Fuel-economy standards rise to 27.3 mpg for 2011 model year

Fuel-economy standards for all light vehicles will rise 8 percent, to an average of 27.3 mpg for the 2011 model year, under new U.S. rules issued on Friday. The regulations will use a new system that sets standards for individual models based on their size.