GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

New Range Rover Sport takes on Pikes Peak – and wins

The new Range Rover Sport takes on the Pikes Peak Hillclimb Pikes Peak is an unforgiving Hill Climb, spanning 12.42 miles and 156 corners, rising to 4,300 meters above sea level with oxygen levels at the top down to just 58 per cent of those at sea level, making it incredibly hard for both man and machinery to function. But despite the challenge, Land Rover has taken the new Range Rover Sport up Pikes Peak in a new record time for a production SUV, covering the 12.42 mile course of twists and turns in just 12m 35.61s at an average speed of 59.17mph. You won’t be surprised to learn that Land Rover choose to use the new RRS with the 5.0 litre Supercharged engine for the record run, but apart from fitting a roll cage and harness seatbelts, the Sport had no modifications at all.

Nissan opens new design studio in Beijing

Delayed by the deadly earthquake that hit Japan earlier this year, Nissan Motor Co.'s new design center in Beijing finally received a proper opening this week, when global design chief Shiro Nakamura showed off the studio as a new source of ideas for Nissan and Infiniti. Nissan Design China, as the Beijing-based center is known, "is not a studio to just generate ideas for China," Nakamura said in an interview with Car Design News. It's equipped to handle designs of show cars and production cars for both Nissan and Infiniti brands, aimed at customers in China, as well as around the world.