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GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

Saab's new 9-5 (2009) leaks early: the first photos

By Tim Pollard First Official Pictures 23 July 2009 09:00 Breaking news: early shots of the new Saab 9-5 have leaked out early in Germany. These low-res photos of the new 9-5 were published online today – revealing an exec that trades on the style that has made Saab's greatest hits so distinctive.There's a hint of old 900 around the C-pillar, lending a dash of coupé style to what remains a defiantly four-door saloon to rival the Audi A6 and other execs. Note also how the side glass graphic slopes rearwards, in Saab's true cockpit style.The face of the new Saab 9-5 is distinguished by a much more dominant grille, with a pair of headlamps ringed with chrome (it works much better than on the current geriatric 9-5, don't worry!) and a prominent Saab name.

1957 Ferrari Testa Rossa could break auction record at Pebble Beach

Auction house Gooding & Co. will offer up two legendary sports-racing cars--a 1957 Ferrari 250 Testa Rossa Prototype and a 1963 Shelby Cobra 289 Factory Team Car, one of which might set a record price for a car sold at auction--at Gooding's sale Aug. 20-21 during the Pebble Beach Concours d'Elegance.