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GM agrees to sell Saab to supercar company Koenigsegg

General 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.

Porsche specialist Gemballa gets Tornado ready to blow

Gemballa has a reputation for producing extreme versions of Porsche models. From the 997 based Avalanche to the Carrera GT based Mirage, all the Gemballa models offer extremes of performance and design. And now there’s a new model to add to the list.

Ford Fiesta Zetec S Red and Black Editions (2014) unveiled

By Tim Pollard First Official Pictures 18 June 2014 10:07 Ford has a bold claim for its newly invigorated Fiesta Zetec S Red and Black Editions: they have a greater specific power output than a Bugatti Veyron! The downsizing trend continues apace and the new warm-hatch Fiestas are first to get a higher-output version of the 1.0-litre three-cylinder Ecoboost engine, tweaked to 138bhp thanks to variable cam timing, higher turbo boost and direct injection. Ford claims the new Fiesta specials are the most powerful 1.0-litre cars in the world.