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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.

Ford Ranger T6, EcoSport crossover spied in Denver

Apparently Ford wanted to give a few of its offerings a mile-high workout. That would explain why Autoweek reader Brendan Bartolo was able to catch a fleet of four vehicles parked, hoods open, in a Denver hotel parking lot. Full-body camouflage can't disguise a pair of 2013 Ford Fusion sedans, but we have no way of knowing what new technologies may or may not lurk under their conventional sheet metal.

Who's Where: Nicolas Huet named PATAC exterior design director

Nicholas Huet has joined PATAC as exterior design director. Based in Shanghai, he will report directly to design director Holt Ware. French-born Huet, who spent 20 years at BMW as a designer, is in charge of the exterior PATAC design department, working on Chinese-specific programs as well as GM Global programs.