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Most of Saleen sold to Michigan group

The future of specialty carmaker Saleen Inc. is getting a little clearer: Most of the company was sold to a Michigan group last week after being on the block since November. An entity called MJ Acquisitions, which owns parts and engine companies in Michigan, bought Saleen’s performance street-car program, supercharger and aftermarket business from Los Angeles private-investment firm Hancock Park Associates.

Saab's convertible turns 25

Another day, another anniversary. This time, it is the Saab convertible donning the proverbial party hat and counting the candles as it celebrates its 25th anniversary. With Saab's well publicized financial difficulties dominating headlines of late, we saw it fit to look back on happier times for the Trollhättan-based brand.

Trevor’s Back! TVR sold to new British owner

TVR sold to a new British owner, Les Edgar TVR – once the pride of Blackpool – effectively disappeared from the car scene in 2006 when its Russian owner, Nikolai Smolensky, shuttered up TVR just two years after he bought it from Peter Wheeler and last yeare announced there would never be another TVR. But it now seems TVR has been sold to a British businessman, Les Edgar, who has bought the rights to the TVR name and the right to manufacture parts for existing cars. So far, the only evidence of a return is a new splash page on the TVR website (pictured above) which tells us that TVR are ‘Roaring Back’.