Draw-tite 41533 Max-e-loader Receiver Hitch on 2040-parts.com

Saab halts warranty coverage

Saab has suspended warranty coverage on all of its vehicles in North America. Additionally, new vehicles must be sold "as is," the bankrupt Swedish automaker told its dealers. However, General Motors, Saab's former owner, said Tuesday it would honor warranties on all models sold when it owned the Swedish automaker.

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.

Ford Focus 1.0-litre EcoBoost sets 16 world speed records

The new Ford Focus 1.0 EcoBoost has set 16 world speed records in two days of testing at the CERAM test circuit in Mortefontaine. Who’d have thought that a little 3-cylinder engine in a Ford Focus could ever be an appealing prospect? But it’s become very clear that Ford’s little boosted 3-pot is quite the star and, for almost anyone who does a normal mileage, by far the choice over a diesel-engined Focus.