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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.

Bentley Azure T (2008) unveiled at LA Auto Show

By Ben Pulman First Official Pictures 12 November 2008 13:40 This is the new Bentley Azure T, a 500bhp and 1000Nm (738lb ft) drop-top that will be unveiled at the LA Auto Show next week. Don’t worry, it has – the company has even laid-off workers while at least one Bentley dealership is reported to have gone bust. But to keep customers coming through the doors there are a few new Bentleys on the way.

Jaguar Heritage Museum to close.

Jaguar Heritage Museum to close Jaguar has decided to close the Jaguar Heritage Museum at Browns Lane as they wind down operations at the historic site. It’s less than three years since the Jaguar Heritage Museum was relaunched as a show case for the history of Jaguar cars. With 150 cars in its collection – from the first Jaguar badged car, the 1937 SS, to C-Type, D-Type and the last convertible V12 E-Type – the Jaguar Heritage Museum is a magnet for Jaguar nuts from around the world.