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Read the GM press release annoucing the sale of Saab to Spyker Cars

PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

Saab seeking court protection from creditors? It adds up

Saab seeking protection from creditors Another day, another Saab story. But the reports that Saab are to seek the protection of the courts in Sweden from the actions of creditors does ring true. And it does add up.

Bugatti Veyron Bleu Centenaire – first details

Bugatti Veyron Bleu Centenaire - another Veyron Limited Edition appears at Geneva '09 [ad#ad-1] We had a pretty good idea this was coming, as we reported last week, but the Bugatti Veyron Bleu Centenaire has appeared at the Geneva Motorshow last night. Contrary to expectations, it would appear that the Bleu Centenaire carries the stock 1001bhp Veyron engine and not, as was much speculated upon, a boosted version. Still, it looks like Bugatti have had the paring scissors out, and the reduced weight of the Bleu Centenaire should trim the Veyrons already awesome 0-60 time by a tenth or two.