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Volkswagen to launch new large SUV in USA

Volkswagen has revealed plans to invest $7 billion (£4.2 billion) in North America, with the launch of a new SUV in 2016. The midsize SUV will take Volkswagen towards it goal of selling 1 million cars a year stateside by 2018. On Bing: see pictures of the Volkswagen CrossBlue concept Find out how much a used Volkswagen SUV costs on Auto Trader The seven-seat SUV is based on the CrossBlue concept, seen at the Detroit Motor Show last year.

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.

Ferrari 612 Scaglietti 60th Anniversary (2007): first official pictures

By Jack Carfrae First Official Pictures 30 January 2007 11:35 Ferrari 612 Scaglietti 60th Anniversary: the lowdown This week marks the beginning of Ferrari’s extravagant 60th anniversary celebrations – and they’re led by that rarest of things: a Ferrari special edition. Between kicking off a cross-continental marathon and announcing a Ferrari theme park, Maranello has unveiled plans to produce a limited run of 60 unique versions of the 612 Scaglietti. Each car will commemorate the 60 most significant events in the history of the company, ranging from F1 World Championship wins to the launch of milestone models such as the F40 and Enzo.