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GM and Koenigsegg agree Saab sale

By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.

New Volvo Concept at Geneva Motor Show. But what is it?

The Volvo XC Coupe Concept (left) and Coupe Concept will be joined by a third concept at Geneva Now Volvo has its new Scalable Product Architecture (SPA), and its new Drive-E engine range, heading for production they’ve been planning three new concepts to show off the possibilities the new architecture and engines promise. The first of those was the very appealing Volvo Concept Coupe which debuted at the Frankfurt Motor Show last year as a 21st century take on the classic Volvo P1800. With stunning looks, a new nose evolved from the earlier Concept You, floating grill and slim headlights, the Concept Coupe also came with a 4WD drivetrain powered by a 2.0 litre petrol and an electric motor for an output of 395bhp.

Future products: Scion's lineup to grow

Scion was supposed to be Toyota's niche brand of fuel-efficient small cars for hip kids. But the original three-model product lineup is being expanded, so the brand's customer reach may be extended as well. Early next year, Scion will add a rebadged version of the Japan-market Toyota iQ minicar.