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Historic first Porsche P1 electric vehicle goes on display

In what at first glance appears to be a blatant attempt to upset McLaren’s SEO – that’s Search Engine Optimisation – a Porsche P1 model has been announced. But this is no fearsome new 1,000hp rival to McLaren’s P1 hypercar (after all, Porsche already has one of those). Rather, the Porsche P1 actually dates from 1898, and produces just 3hp.

Saab's plan to become a successful indy car maker

By Tim Pollard Motor Industry 14 July 2009 09:24 Saab has spelled out to CAR its vision of being an independent car maker double the size of Jaguar. Saab is in the process of separating from GM, as part of the seismic restructuring underway at the car maker previously known as the world's biggest. The final details of Saab's future ownership should be announced in the next few weeks.

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.