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Hummer sale agreed

GM has a Memorandum of Understanding in place to sell Hummer to a 'Mystery' buyer GM are reporting that they have reached a ‘Memorandum of Understanding’  with an unnamed buyer to take Hummer of their hands later in the year. MOUs are not the strongest tool in the arsenal when a sale is being arranged, which tends to indicate that either the buyer likes the idea but won’t commit yet, or they are still in ‘Fund-Raising’ mode. So who are the likely buyers?

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.

New 2014 Kia Soul arrives in European spec. Frankfurt 2013 debut

The New 2014 Kia Soul (pictured) arrives in European spec The Kia Soul is almost the personification of a car designed for a purpose, looking more like a van for passengers than a family car. And that isn’t going to change much with the 2014 Kia Soul, but this time the Soul gets based on the latest Cee’d and grows in size, so it should be a more appealing drive. With more modern car underpinnings, the new Soul should ride better and be more dynamic, with better suspension and a stiffer body shell making the Soul a very practical family car, but one which at least offers a little joy in the drive.