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World’s biggest classic car auction sells Simon Cowell’s Bugatti!

Ever heard of the Barrett-Jackson Scottsdale auction? No, we hadn’t either, but it’s been dubbed the ‘world's greatest collector car auction’, with the last sale resulting in 1,400 vehicles sold for a total sum exceeding a cool $113 million. The Scottsdale auction is a mecca for classic car nuts and celebrity spotters alike, with six days of live, high-definition auction action played on Fox TV.

Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.

KoenigSaab coming soon?

Koenigsegg are in the running to take over Saab Saab were given Swedish Government protection recently (similar to Chapter 11) to try and find a suitor or funding to operate independently. Of course they can’t do that completely, at least not in the short term, as they are so tied in to GM’s platforms on their current and soon to be released cars. But Saab has a strong – if quirky – history and, with the right backing, could stand alone as a niche maker of aesthetically individual cars.