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Electric Porsche Boxster being developed

Porsche are developing and electric Porsche Boxster It’s not exactly a surprise that Porsche has announced its intention to develop an electric roadster based on the Porsche Boxster, after all – as part of VW – they have access to an awful lot of technology and they’d be foolish to let car makers like Tesla or Fisker potentially steal some future Porsche glory. So starting early next year – as part of a programme Porsche call Modellregion Elektromobilität – three electric Boxsters will be out and about with their electric powertrains in the real world to give Porsche feedback. Porsche are making it absolutely clear that this rolling lab for an electric Boxster is entirely complimentary to – and in no way undermines – their hybrid programme, which includes the Panamera and Cayenne Hybrid and the Hybrid Hypercar that should soon become the production Porsche 918 Spyder.

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.

Double Oh My! James Bond Aston Martin sells for $4.6 million

Perhaps the single most breathtaking car of the fall auction season, a 1964 Aston Martin DB5--better known as the James Bond car--sold for $4.61 million to Ohio collector Harry Yeaggy on Wednesday at the RM Auctions Automobiles of London sale. The Aston was expected to sell for more than $5 million, and the sale fell a bit short of that, registering a final bid of 2.6 million British pounds, or $4,114,760. Buyer's premiums raise the total sale price to $4.61 million.