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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.

Saab fans gather outside GM headquarters

The 60-plus-year history of Saab may come to an inglorious end in the next few days if General Motors and Dutch supercar maker Spyker--or perhaps a dark-horse bidder--fail to reach an agreement to save the iconic Swedish maker of premium cars. But the potential death of yet another GM brand raised some voices of dissension--and passion--as a crowd of about 30 Saab enthusiasts braved temperatures in the 20s and snow flurries to show their support for Saab at a gathering near GM's global headquarters in downtown Detroit. The event was organized by the Ryan Emge, editor of a Saab.History.com, and was part car show, part rally and part family gathering.

BMW ready to shift small coupes, convertibles to even-number nameplates

Reports in Europe say that BMW is planning a shake-up in the naming strategy for its smaller coupes and convertibles, as well as planning to shift its 1-series cars onto a front-drive platform. The nameplate shake-up will have coupe and convertible variants of the 1-series become the 2-series, while coupe and convertible variants of the 3-series will become the 4-series. The changeover is expected to start in 2013, according to a report on the Web site of Car magazine.