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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.

New Toyota Auris starts rolling out at Burnaston

The new 2013 Toyota Auris – Toyota’s modern Corolla – has commenced production at the Toyota plant in Burnaston. Toyota revealed the new Auris back in August – ahead of a public debut at the Paris Motor Show – which, although pretty much the previous Auris when you dig deep, does offer a more dynamic look and the promise of better driving dynamics too. With the new Auris a big deal for Toyota in Europe, Toyota are trumpeting the start of Auris production in Burnaston and have rolled out Vince Cable, Secretary of State for Business, to mark the occasion.

Government To Call Time On Tax Disc

THE HUMBLE tax disc is set to become a thing of the past, with Chancellor George Osborne planning to shake up the way we tax our vehicles as part of his Autumn Statement announcement. After more than 90 years affixed to British motorists' cars, the tax disc is to be scrapped and replaced with a modern electronic system. For the first time motorists will also be able to pay for their vehicle excise duty (VED) by monthly direct debit, although this will cost an extra 5%.