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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.

Honda Open Study Model (OSM): more details

By Tim Pollard Motor Industry 26 August 2008 11:49 CAR Magazine has been given special access to the Honda Open Study Model (or OSM for short), in the wake of the British International Motor Show where it made its world debut. But what the hell is the OSM all about? Honda plays a game of cat and mouse with reporter Ben Barry, who turns detective after being stonewalled whenever he asks a difficult question.

Lamborghini Urus SUV confirmed to arrive in 2017

The Urus will be VW Group’s lightest and quickest SUV – expected to best even the Porsche Cayenne Turbo – and will be built on VW’s new large SUV platform – the same platform that will underpin the Bentley Falcon SUV, Audi Q7 (and Audi Q9) and Porsche Cayenne – and will use a forged carbon composite structure from the central tunnel to the rear suspension to save weight. Power for the Urus is expected to come from the twin-turbo V8 we’ve already seen in the Bentley Continental GT and Audis, producing something in the region of 600bhp and perhaps even more if Lamborghini add a hybrid option to throw some electric assistance at the V8′s 600 horses. It seems likely the Urus concept will remain largely unchanged for production, although we could see some toning down of its more extreme elements, as Lamborghini look to add 3,000 sales a year to their annual total when the Urus hits showrooms.