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GM and Koenigsegg agree Saab sale

By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.

Hyundai Motorsport Facility opens in Germany

Hyundai’s new Motorsport facility in Germany No one can accuse Hyundai of not taking their return to the FIA World Rally Championship in 2014 seriously. They’re busy preparing an i20 to take on the WRC, starting in Monte Carlo in January 2014, and have now started testing their swift WRC i20 in preparation. They’ve already recruited some impressive names to join their new Hyundai Motorsport GmbH team including Michel Nandan to head up their WRC efforts who has been joined by Frenchmen Bertrand Vallat and Stephane Girad, Alain Penasse, Ernst Kopp and Stefan Henrich.

Electric car sales DOWN 20% in 2012 – time to scrap subsidies for EVs?

The SMMT are reporting that sales of electric cars in the UK have fallen by 20 per cent in the year to date (2012). Despite every green evangelist proclaiming that electric cars are the way to save the planet from imminent doom, UK car buyers obviously disagree. Despite a taxpayer bribe of £5000 to buy an over-priced electric car, car buyers have not exactly taken to the EV in droves.