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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.

Super Bowl MVP Malcolm Smith receives Silverado

Winning the Super Bowl is a tremendous achievement, and after the festivities were over on Sunday, Seattle Seahawks linebacker Malcolm Smith received another present in addition to a Super Bowl ring. Smith was voted Most Valuable Player of Super Bowl XLVIII by fan vote and a media panel on Sunday, during the postgame show. Yet another present was in store for him, as the very next day he received the keys to the official MVP vehicle for this year's Super Bowl, a 2014 Chevrolet Silverado High Country.

Mercedes-Benz Concept Style Coupe revealed ahead of China auto show

Mercedes-Benz is previewing its eagerly anticipated CLA sedan at an event in Los Angeles this week before providing a more detailed look at the Beijing motor show with the unveiling of the latest in a long line of concept cars, the 2.0-liter, 208-hp, four-cylinder-powered Concept Style Coupe. Pictured here officially for the first time, the heavily sculptured four-door reveals the dramatic appearance that the next junior Mercedes-Benz sedan will carry into North American showrooms in 2013. Advancing the look first established on the F800 Style concept wheeled out at the 2010 Geneva motor show, the Concept Style Coupe is clothed in a four-door body that makes extensive use of concave and convex surfaces to provide its exterior with what Mercedes-Benz design boss Gorden Wagener describes as “an almost fluid appearance and constantly altering depth.” The car has a large gaping grille known to insiders as a soft-nose treatment, striking headlamps with LED graphics, a heavily curved roofline, a shallow glasshouse, a high waistline, frameless doors and a trio of sharply creased lines along its flanks.