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Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.

Chevrolet City Express priced at $22,950

Chevrolet has released pricing for the 2015 City Express urban work van, which debuted at the 2014 Chicago Auto Show just a couple months ago. The van is Chevy's answer to the Ford Transit Connect, and is actually based on the Nissan NV200. The Chevrolet City Express will start at $22,950 when it goes on sale in early fall, and will be powered by a 2.0-liter dual-overhead cam inline-four making 131 hp and 139 lb-ft of torque.

Audi R8

By Ben Oliver Motor Shows 28 September 2006 01:46 The lowdown Audi has unveiled its first mid-engined sports car, the R8. The 420bhp, 4.2-litre V8-powered 911 rival will hit 188mph (or 301kph) and gets to 62mph in 4.6secs. The Lamborghini Gallardo-based supercar will cost an estimated £75,000 when it arrives in the UK in May, with the Audi R Tronic sequential manual costing an extra £5000.