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Read the GM press release annoucing the sale of Saab to Spyker Cars

PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

Volvo reveals pricing for refreshed 2014 model range

There are quite a few changes in Volvo's lineup for the 2014 model year, perhaps representing the most serious model shakeup for the automaker this decade. For starters, almost all the cars in Volvo's current U.S. lineup have been facelifted with the notable exception of the XC90 SUV, which enters its last model year before it is replaced by an all new truck.

Range Rover Sport sets desert crossing record

A RANGE Rover Sport has set a new record for the fastest crossing of one of the harshest desert environments on Earth. The new off-roader, which was standard apart from an additional protection plate under the chassis, crossed the Empty Quarter in the Middle East between Wadi Adda Wasir in Saudi Arabia and the border of the United Arab Emirates in 10 hours and 22 minutes at an average speed of 51.87mph. Covering 530 miles en route to the new record, the Range Rover Sport was driven by veteran Dakar rally expert Moi Torrallardona, a man who understands everything there is to know about driving large off-road vehicles in demanding desert conditions.