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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.

Is Jaguar Land Rover about to get in to bed with Chery Automobile in China?

Jaguar Land Rover to partner with Chery Automobile Following on from yesterday’s report that Jaguar are upping the ante in India with plans to assemble the Jaguar XF and Range Rover Evoque in Tata’s back garden, we now hear that JLR has agreed a deal with Chery Automotive in China for a joint venture. We reported back in February that sources in China were saying that the most likely partner for Jaguar Land Rover would be Chery Automobile, and reports from China Daily say that things have moved on since February and JLR and Chery have now got as far as seeking government approval for a joint venture. When we had the news back in February about a possible JLR/Chery deal, we asked Jaguar about the reports.

Subaru Impreza – the 2012 European one is revealed

Subaru will show this European-spec Impreza five-door at the 2012 Geneva motor show, as well as the BRZ sports car in European trim. This is the fourth-generation of the Impreza, but traditionalists expecting a return to the four-door saloon format will be disappointed: it remains a five-door hatchback bodyshell. Subaru abandoned its distinctive four-door style for Golf-alike hatch style in the last generation.