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GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.

Jaguar XJ – the ‘All-Star’ car

The Jaguar XJ receives Automobile Magazine's All Star Award No, ‘All Star’ doesn’t refer to celebs who’ve fallen for the charms of Jaguar’s new XJ, from our own Jaguar-loving Richard Madeley to rap’s own Mr Jay-Zed who featured a new XJ in a recent vid. The ‘All Star’ here is the All-Star Award from America’s Automobile magazine who’ve decided that the new XJ deserves an award, just as the Jaguar XF deserved the same accolade in 2009 and 2010. According to Automobile magazine: “The toughest part about this class is that it’s very hard for any one car to stand out in the crowd, and yet the XJ manages to do just that, in both its design and its dynamics.

JLR launches UK recruitment campaign

JAGUAR Land Rover has begun a campaign to recruit hundreds of new workers at its Engine Manufacturing Centre near Wolverhampton. Phase one of the overall plan will see 600 new employees join the company over the next four years, with the long-term aim being to recruit 1,400 extra staff members. The first 600 workers will be employed on the manufacturing line itself, producing parts for complex new engines destined to power cars like the Range Rover Evoque and the Jaguar F-Type.