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GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

Bugatti Galibier 16C revealed

The new four door Bugatti Galabier Update: Set of decent size interior and exterior photos of the Bugatti Galibier added. The Galibier 16C is what Bugatti wants to produce once production of the Veyron ends in 2012. So you’re looking at the likely four-door saloon from Bugatti that will hit the roads in 2013.

BMW Concept ActiveE at Detroit motor show 2010

BMW has unveiled this rolling testbed for its electric car strategy - the new Concept ActiveE - at the 2010 Detroit motor show. It's a fully electric BMW and a hint of what's to come through the long-range visionary Project i plan which will reshape BMWs for the 21st century.No prizes for guessing it's based on an existing BMW production car, the 1-series Coupé. But the hardware underneath is designed to percolate across the lower echelons of the BMW range, starting with some exciting new bespoke electric cars.The ActiveE is the first fully electric BMW and follows in the treadmarks of the Mini E. Like the Mini, this battery BM will be used as a pilot test programme where it will be driven by selected private and fleet motorists.BMW ActiveE concept: how it worksThis is a rear-drive BMW with the internal combustion engine ditched in a Munich scrapheap.