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Koenigsegg backs out of deal to buy Saab

Swedish 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.

NHTSA intensifies investigation into BMW 7-series rollaways

The National Highway Traffic Safety Administration is widening an investigation into the rollaway crashes of the BMW 7-series that the agency opened in August. NHTSA received reports of 16 crashes involving the vehicle, covering model years 2002 to 2008, with five reports of injuries. NHTSA has a total of 50 complaints of rollaways.

Mazda Hazumi concept (2014) first official pictures

By Ben Pulman First Official Pictures 04 March 2014 06:00 This is the new Mazda 2 supermini, unveiled this morning at the 2014 Geneva motor show. Okay, okay, technically it’s the Mazda Hazumi concept, but the Japanese company itself openly admits this dinky little hatchback previews ‘ideas for its next-generation B-car’. Incidentally, Hazumi (no, not the cheese, but Hazumi) is apparently a Japanese word meaning ‘bound’ or ‘spring up’ so Mazda’s picked the name ‘to convey an image of a small but vigorous animal, bursting with energy.’ That’s right, and Mazda is using it to highlight its ‘Kodo’ design language, its SkyActiv fuel-saving technologies, and its MZD Connect infotainment system.