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Mercedes C-class Estate (2014) first official pictures

By Damion Smy First Official Pictures 21 May 2014 17:00 This is the new Mercedes C-class estate that heads freshly into battle with the Audi A4 Avant and BMW 3-series Touring. It’s bigger, benefits from a lighter and more rigid body and uses less fuel than before.  How big is it? Compared to the previous C-class, this fourth-generation estate has an 80mm longer wheelbase for 45mm more rear legroom.

Koenigsegg signs deal to buy all of Saab

By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.

Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.