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GM agrees to sell Saab to supercar company Koenigsegg
Tue, 16 Jun 2009General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.
Google reveals its first self-driving car prototype (video)
Wed, 28 May 2014Google’s first self-driving car prototype (pictured) Google might not be the first company that springs to mind as a car maker, but Tesla has already proved that Silicon Valley can produce a car that buyers want and Google are intent on following a similar route. But where Tesla’s USP is its long-range electric capabilities – and a desire to build cars for the market – Google’s goal is more technology orientated and is all about developing self-driving car technology that works in the real world. For the last few years, Google has been experimenting with existing cars kitted out with self-driving gubbins, but now they’ve taken the next step and built their own self-driving prototype.
Study finds customer satisfaction up slightly
Tue, 16 Aug 2011U.S. customer satisfaction with vehicles industrywide has increased slightly, fueled by gains among Asian and European automakers, according to an annual report released by the American Customer Satisfaction Index on Tuesday. Overall satisfaction with the auto industry climbed 1.2 percent from 2010 to 83.