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Koenigsegg signs deal to buy all of Saab

By 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.

Young drivers risking lives by 'neglecting eyesight'

ONE IN SEVEN young drivers put themselves and other road users in danger because of poor vision and problems with their eyesight, according to a new study. The survey, conducted on behalf of thinkaboutyoureyes.co.uk found that those in the 18-24 age bracket were far more likely than older drivers to have problems driving because of bad vision. While more than half of drivers over 55 are required to wear glasses or corrective lenses when driving compared to just a third of young drivers, almost one in ten young drivers believe they actually probably should be wearing glasses when they drive.

Classic Lamborghini video surfaces

The Lamborghini of today is a far cry from the Lamborghini of old. Starting life as a tractor maker, Lamborghini cars came in to being when Ferruccio Lamborghini complained to Enzo Ferrari about the clutch on his new Ferarri. The dismissive response was that “the fault is with the driver, not the car”, and so was born Ferruccio Lamborghini’s resolve to build a car to take on the might of Marenello from his factory in Sant’Agata (incidentally, when Lamborghini took apart the transmission in question, he discovered is was the same unit he was currently building in to his tractors!).