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GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.

Superb wins Tow Car of the Year

THE SKODA SUPERB Estate has been crowned Tow Car of the Year by the Caravan Club, beating off competition from 40 other entrants including Range Rover and Jaguar. Commenting on the Superb’s ability, the judges remarked: ‘With a loading limit of 100kg on the roof, 80kg on the towball and a boot that scored maximum marks, it’s a very tough act to follow. You wouldn’t know you were towing a caravan.’ Skoda also won the £16,000-£20,000 category with the new Octavia 1.2 TSI, which was praised for its pulling power with such a small engine.

Revealed: tech secrets of new 2014 BMW M3 and M4 Coupe

BMW has spent the past four years developing the new M4 Coupe and newly-announced M3 saloon from scratch – all with the intention of making its road-racer range more focused, more able and more relevant to modern motorists. They are faster, sharper and more dynamic, promises the firm, but also greener, smarter and more flexible than ever. The result, believe the engines, is a duo that’s without rival on the market – no other four-seat coupe or five-seat saloon offers this much high performance sports car ability for the money.