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Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.

Hybrid owners sue Ford over Fusion, C-Max mpg claims

Pennsylvania car owners are suing Ford Motor Co., claiming that the 2013 Fusion hybrid and C-Max hybrid are not delivering on promised fuel-efficiency figures, according to a report from Bloomberg. Both hybrid models are advertised to return 47 mpg, but the owners say that number is inflated to seem more competitive among other midsize sedans, according to their court filing. The complaint says car owners who have submitted estimates to a fuel-economy tracking website averaged 38.5 mpg, a 10-mpg difference that can cost an additional $1,800 in fuel costs over five years, Bloomberg reports.

Ban to protect cyclists from HGVs

LORRIES without safety equipment to protect cyclists and pedestrians are to be banned from travelling through London, it has been announced. Transport for London (TfL) and local authorities have joined forces to agree a new traffic regulation which will come into force by the end of the year. The proposed ban will require every vehicle over 3.5 tonnes to be fitted with sideguards to protect cyclists from being dragged under wheels, as well as mirrors to improve a driver's view of cyclists and pedestrians.