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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.

VW Passat: New distance world record

VW Passat World distance Record When you as old as I am (or at least as old as I feel) you can’t help but be astonished at the feats of economy car makers seem able to wring from even quite serious, upmarket cars. Yesterday we reported on the Mercedes S250 CDI which manages to perform like a 1990s V8 S-Class whilst simultaneously doing nearly 50mpg. Which to an old git like me – who thought his 3.0 litre Capri in his teen years was doing well if it got 18mpg – is a bit hard to acccept.

Lamborghini Aventador LP700-4 arrives in Geneva

The Lamborghini Aventador LP700-4 arrives in Geneva The Lamborghini Aventador LP700-4 is certainly making its presence felt at the Geneva Motor Show already. But it’s more about the leaked photos of the LP700-4 appearing all over the place than anything else. Earlier this week we ran the first ‘real’ photo of the LP700-4, which came from a scan of the Croation version of Evo Magazine.