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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.

Nissan could leave UK if Britain leaves EU

Nissan chief executive Carlos Ghosn has warned that Nissan could leave the UK if the public vote ‘yes’ in the EU referendum promised by the Conservatives should they win the 2015 General Election. Ghosn gave the warning to the BBC while he was in London to launch the new British built Nissan Qashqai. New 2014 Nissan Qashqai revealed in pictures UK to become second biggest car maker in EU “If anything has to change, we [would] need to reconsider our strategy and our investments for the future,” he told a reporter.

'Grid Autosport' shows off touring discipline

"Grid Autosport" is coming to PS3, Xbox 360 and PC on June 24. The third installment of the Grid series will be heavily based on real motorsports, as opposed to the fictional World Series of Racing in the last episode. Gamemaker Codemasters release a new trailer on Tuesday.