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Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

GM recalls 413,418 Chevrolet Cruze models to modify engine shield, prevent fires

General Motors is recalling all Chevrolet Cruzes sold in the United States for a fix aimed at preventing engine-compartment fires. GM said the recall covers 413,418 Cruzes, or all of the cars sold in the United States since the model's launch in September 2010 through May. The automaker said the recall is to modify an engine shield under the vehicle to prevent liquids from being trapped in the engine compartment, where a fire could start.

Tired drivers carry on at the wheel

A QUARTER of UK motorists have admitted to driving while tired in the last six months, according to a survey. Of these, 42% opted to carry on behind the wheel rather than take a break, the survey of 2,000 adults by insurance company esure found. Carrying on while fatigued was worst among 18-34-year-old drivers, while Londoners were the ones most likely to continue when tired.