Kawasaki 55022-0017-6z Cover-head Lamp,lh,f. on 2040-parts.com

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.

Volkswagen's de'Silva aims for positive influence on Porsche styling

Volkswagen Group design director Walter de'Silva hopes to add "something positive" to the design of Porsche's new models, beginning with the Cajun SUV. Porsche AG is set to become Volkswagen AG's 10th brand and Porsche design director Michael Mauer now reports to de'Silva, along with the heads of the styling centers of the other VW group brands such as Skoda, Seat, Bentley and Lamborghini. De'Silva said he has just started working with Mauer and their relationship is off to a good start.

2014 Audi R8 priced at $119,150

The 2014 Audi R8 goes on sale Friday at the low, low price of $119,150 -- including destination and gas guzzler -- when equipped with the manual transmission. The S-Tronic-equipped version ups the price to $128,250. The base Audi R8 makes 430 hp and 316 lb-ft of torque from its 4.2-liter V8.