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Koenigsegg backs out of deal to buy Saab
Tue, 24 Nov 2009Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.
Volvo Aims High With Its Self-Driving Car Tech Project
Mon, 02 Dec 2013SWEDISH car maker Volvo has announced it will embark on a large scale trial to refine the technology behind its self-driving cars. Volvo is no stranger to the technology having already conducted controlled experiments using ‘road trains’ – cars following each other closely at speed – but this exercise will involve 100 cars being deployed in the busy streets of Gothenburg, Sweden. The project ‘Drive Me – Self-driving cars for sustainable mobility’ is a joint initiative between Volvo Car Group, the Swedish Transport Administration, the Swedish Transport Agency, Lindholmen Science Park and the City of Gothenburg.
New Porsche 911 GT3 RS ready for work, play
Wed, 19 Aug 2009So you want the daily commute to be as much fun as a track day, and to be as confident on the track as during the drive to and from work? Porsche has the car for you. The German automaker has readied the RS version of the 2010 911 GT3.