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GM and Koenigsegg agree Saab sale
Tue, 16 Jun 2009By 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.
VW Phaeton - the new one coming in 2015
Wed, 21 Sep 2011A brand new Volkswagen Phaeton Mk2 will be launched in 2015, based on a new architecture being masterminded by cousins Audi. Dubbed VW631, the new VW Phaeton will be based on MLM Evo (modular longitudinal matrix) which makes provision for a plug-in hybrid option, an aluminium-intensive body structure and a much more advanced and less nose-heavy dynamic layout. Although VW chairman Martin Winterkorn has in the past black-flagged the Avantissimo (A8-based) and the Passat Variant Plus (A6-derived), there is still a lot to be said for a second more practical bodystyle in addition to the four-door notch which is almost compulsory in this segment.
Warning for 'morning after' drivers
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