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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.

Poor driving posture a pain in the neck

THE WRONG driving position could be putting millions of commuters' health at risk, according to a major physiotherapists' organisation. Drivers who don’t adjust their car seat and steering wheel to suit their individual needs are risking significant further problems, says the Chartered Society of Physiotherapy (CSP). Latest census figures for England and Wales reveal that almost two-thirds of workers (15.3 million) commute by car and the CSP says poor driving posture is a key factor that can lead to musculoskeletal problems such as back and neck pain.

Silver linings: Saab and Mitsubishi see sales grow in May

Despite the company’s financial troubles, Saab sales are steadily increasing in 2011, with April and May numbers up 190 percent and 121 percent, respectively, from the same months last year. The Swedish automaker reported 385 units sold this May, versus 155 the year prior. So far this year, Saab has sold 2,765 vehicles, compared with 954 at the same point last year.