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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 recalls Wrangler, Compass and Patriot

Chrysler Group said today it will recall more than 220,000 units of the Jeep Wrangler to fix a transmission flaw and 409,000 units of the Jeep Compass and Patriot worldwide to fix a software glitch that could stop airbags and seatbelts from working in a crash. The recalls add to a growing list of safety problems at Chrysler, which stunned the auto industry this week by taking the rare step of rebuffing a recall request from the National Highway Traffic Safety Administration. On Tuesday, Chrysler refused to recall 2.7 million units of the 1993-2004 Jeep Grand Cherokee and 2002-07 Jeep Liberty, claiming that the vehicles were built in compliance with safety standards and are not more accident-prone than other vehicles of the time.

Smoking in cars containing children to be banned

SMOKING IN CARS in the presence of children is to be outlawed in England by the end of the year, Downing Street has signalled, after MPs voted overwhelmingly to make it a criminal offence. A No 10 source said Parliament had made its view clear and ministers are now looking at the practicalities of implementing the ban, with a view to getting it place before 2015. The Commons voted by 376 to 107 last night - a majority of 269 - to give the Health Secretary the power to impose a ban in England.