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Koenigsegg signs deal to buy all of Saab

By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.

Chrysler's survival boils down to a deal with Fiat

For Chrysler LLC, survival has come down to a single option: successfully working out an alliance with Fiat S.p.A. The Obama administration has given Chrysler 30 days to forge a broad product-sharing agreement with the Italian automaker. Should the two companies fail to prove their plan will work, the U.S.

2014 New York auto show wrap-up

The 2014 New York auto show is all wrapped up -- at least for the press. We saw some big debuts from Dodge, Subaru, Mercedes and others. Ford and Mazda celebrated big anniversaries with two of their legendary names, and SRT threw out one more Viper to see if it finally sticks.