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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.

Volkswagen plans 4 million cars from one platform

Volkswagen is pushing the global-platform concept to a level unprecedented in the auto industry, introducing a modular platform this summer that eventually will be the basis of microcars, sedans, crossovers and SUVs for its four largest brands. While automakers now share platforms across brands and sometimes even segments, the VW initiative that starts this summer is far more ambitious than anything seen so far. By 2017, some analysts estimate, the MQB platform that debuts with the Audi A3 eventually will be used in 4 million units a year--close to half of VW's annual production.

Euro NCAP crash tests: hybrids score full marks

By Tim Swietochowski Motor Industry 26 August 2009 14:49 The Toyota Prius 3 and Honda Insight are among seven new cars to achieve five-star safety ratings in the latest Euro NCAP crash tests out today. Dr Michiel van Ratingen, Euro NCAP’s secretary general said: ‘The technology andknow-how is out there for car makers to deliver vehicles with better pedestrianprotection. Honda and Toyota are giving us a glimpse of the cars of the future thatconsider the natural and social environment in its entirety.’ A Toyota official said hybrids posed new problems for its engineers.