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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.

A34 closure to create 68-mile detour!

The Highways Agency has announced essential bridge maintenance works are to take place on the A34 – and has revealed it will divert motorists on a 68-mile detour! Britain’s longest roadworks diversion One pothole for every mile of road in Britain A bridge near Beedon in West Berkshire is going to be closed overnight later in October – but it will be closed from Friday night to Monday morning for two entire weekends in November. The recommended diversion will be fully signposted and will take motorists on a tour of the M4, A404(M), A404 and M40… the total trip time will be at least one hour, says the agency, “but that could easily increase depending on conditions,” it admitted.

McLaren confirms limited run of 12C GT Can-Am racers

It's been a busy weekend for McLaren: not only did Lewis win the 2012 US grand prix, but the car-making division confirmed it would build the most powerful MP4-12C yet – the new 12C GT Can-Am Edition. It's the track-focused 12C racer and Woking has sanctioned a limited run 'of no more than 30 examples.' McLaren MP4-12C Can-Am: the background It's a maxxed-up version of the MP4-12C road car, which has so impressed us since launch. Here the 3.8-litre V8 bi-turbo is derestricted and boasts a maximum power output of 621bhp.