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Read the GM press release annoucing the sale of Saab to Spyker Cars

PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

Ferrari F70 (new Enzo) 2012 debut confirmed

Ferrari F70 - the new Enzo - 2012 debut Ferrari boss Luca di Montezemolo has confirmed the arrival of the new hybrid Enzo – the Ferrari F70 – before the end of 2012. Back in February we were able to report on what we can almost certainly expect from the new Ferrari Enzo (which will probably go back to the F40/F50 model designation as the F70), perhaps most importantly that it will have a hybrid powertrain and be revealed this year. That has now been confirmed by Ferrari boss Luca di Montezemolo as he reported on Ferrari’s sales performance.

2013 VW Beetle R-Line Package

Volkswagen has revealed two R-Line Packs for the new Beetle – one for the interior, one for the exterior – to spice up the Beetle. The VW Beetle we’re really looking forward to that has an ‘R’ on its boot is the Beetle R, but it looks like we’ll have to make do with an ‘R’ cosmetic makeover for now in the guise of the VW Beetle R-Line. Volkswagen has revealed a pair of R-Line packs for the new Beetle that add a bit more purpose to the Beetle pastiche – one for the exterior and one for the interior.