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Koenigsegg signs deal to buy all of Saab
Tue, 18 Aug 2009By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.
Jaguar XF CKD assembly starts in India
Tue, 22 Jan 2013Jaguar Land Rover has started assembling the Jaguar XF at its plant in Pune, India, in a move to reduce XF retail prices in India. Lower taxes on cars assembled in India from CKD kits produced in the UK (although not as low as they were), rather than importing complete cars from the UK, mean assembling the Jaguar XF in India will give the XF - already Jaguar’s best-selling car in India – a more attractive headline price. That means the 3.0 litre Jaguar XF dropping in price from 5.8 million rupees (around £68k) to 5.1 million (around £60k) and the newly introduced 2.2 litre diesel XF will come to market at 4.5 million rupees (around £53k).
Enzo Ferrari museum to open in March
Thu, 05 Jan 2012“The Origins of the Myth” is the first exhibition scheduled for display when the Museo Casa Enzo Ferrari opens to the public on March 10. The museum complex is dedicated to Enzo Ferrari and motorsport in Ferrari's hometown of Modena, Italy. But celebrations in Modena will begin nearly a month earlier, marking the birth of the great car builder on Feb.