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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.

BMW goes front-wheel drive for the 2-series Active Tourer

BMW's long-held reputation for producing only rear- and four-wheel drive vehicles comes to an end with the the new 2-series Active Tourer, its first-ever front-wheel-drive production model. The cornerstone of BMW's Geneva show stand next month, the 2-series Active Tourer marks a significant turning point for the German automaker, adopting a transverse-mounted engine and standard FWD. It arrives here in early 2015.

Car Design News to host trio of events around Shanghai motor show

As the automotive world looks forward to the Auto Shanghai motor show, Car Design News is looking forward to hosting three events prior to and alongside the show: the CDN Interior Motives China Conference; Car Design Awards China; and the official Car Design Night. CDN Interior Motives China Conference Our annual China conference takes place on Thursday and Friday 18-19 April, just before the press day for this year's show, which is on Saturday 20th. Themed ‘Technology and tradition – old meets new in modern-day China', the conference will explore topics including how to design an experience, fashion and luxury in today's China, HMI design and the ‘multi-mode' interior, which flexes with the user's needs.