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Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

Ferrari 599 GTO photo and prices

The Ferrari 599 GTO snapped at a private launch event The rumour-mill has been running wild on the first GTO to come out of Ferrari in quite some time. We first heard news of a ‘Limited Edition’ Ferrari 599 in late October when we spoke to a guy who’d been invited to put a deposit on a ‘Special 599′. At that point we had no clue it would get the GTO badge.

Ford Focus BEV (Electric) Frankfurt reveal

The Ford Focus BEV Proitotype has been revealed at Frankfurt Ford are intent on bringing an electric car to the market as soon as possible, and intend starting trials of the Focus BEV in the New Year. The Focus BEV has been developed to participate in the ‘Ultra Low Carbon Vehicles’ ( a real misnomer) demonstration next year. The Focus BEV is driven by a 100KW electric motor which is powered by a 23kwh lithium-ion battery pack developed by Vauxhall’s new owner, Magna.