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GM agrees to sell Saab to supercar company Koenigsegg
Tue, 16 Jun 2009General 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.
GM & Peugeot Citroen Alliance. The beginning of the end for mass market car makers?
Thu, 01 Mar 2012GM & PSA Alliance - an admission of failure? General Motors (GM) and Peugeot Citroen (PSA) have formed an alliance to cut costs and develop new cars. But is this an admission mass car makers are no longer viable?
Subaru BRZ costs from £24,995
Tue, 01 May 2012Subaru BRZ - costs the same as the Toyota GT 86 Subaru has revealed that the BRZ will cost £24,995 for the BRZ SE and £27,995 for the BRZ SE Lux auto. Arrives in showrooms this summer. Toyota revealed in February that the GT 86 will cost from £24,995 in the UK.