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Koenigsegg backs out of deal to buy Saab
Tue, 24 Nov 2009Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.
Seat announces Exeo prices
Wed, 31 Dec 2008Seat Exio - a re-badged Audi A4 [ad#ad-1] It was always a game motor manufacturers played. Re-badge an outgoing model with a subsidiary marque’s name, throw in a few ‘Design’ features, and Hey Presto. New car!
This Week in 1958: Montgomery, NY, hosts Governor's Trophy Race for the third year in a row
Tue, 13 Aug 2013Fifty-five years ago was the third consecutive year that a former Air Force base in Montgomery, N.Y., served as a racetrack. The Governor's Trophy Race was a growing event and spectators only had to travel 75 miles from New York City to see race legends like Carroll Shelby compete. Nearly 30,000 spectators came to the two-day event in 1957, and race organizers were expecting even more in 1958.