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Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

Pirelli unveils 2012 edition of 'artistic' calendar

Tiremaker Pirelli has previewed the 2012 edition of its calendar, known for its regular use of unclothed models in artistic poses and the exclusivity of the list of recipients. Photographer Mario Sorrenti chose the island of Corsica as the location to capture his "swoon" images. This is the first time that Sorrenti has shot the calendar, which has used many famous photographers in the past including Annie Leibovitz, Richard Avedon and Bruce Weber.

Mazda's rotary engine stalled, not forgotten

Development of the next-generation rotary engine from Mazda Motor Corp., first unveiled three years ago, is making slow progress despite missing emissions targets. A top Mazda powertrain executive said today that the 1.6-liter rotary engine, called the 16X, is about 30 percent more fuel-efficient than the current rotary engine used in the RX-8 sporty car. In fact, the 16X so far performs slightly better than Mazda's standard two-liter gasoline engine, said Mitsuo Hitomi, general manager of the Japanese carmaker's powertrain division.