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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.

First Sight: Smart Fortwo and Forfour

"Dress-down Wednesday," remarked a colleague as Daimler CEO Dieter Zetsche walked on stage wearing jeans and no tie. While it was a hot day in Berlin, Zetsche's excuse for his informal attire was the occasion – the new Smart is here. Its prospective owners, he explained – young, urban consumers with an active lifestyle, not the typical members of corporate Germany – adhere to a different, if similarly rigid etiquette.

Audi sports car concept previews new TT (2014)

By Damion Smy First Official Pictures 06 December 2013 00:01 It may not look it, but this Detroit motor show-bound Audi concept reveals the design language that set the tone for the next Audi TT, due in mid-2014. The TT is a style icon for the brand, with its third-generation looking to use sharper, more aggressive lines from this showcar. While the concept – plainly named ‘The new Audi Show Car’ – rides on ridiculously large alloys and has ‘trademark all-road ground clearance’, and while it won’t form the basis of any particular new model.