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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.

Restyled 2014 Mazda 3 preens in Frankfurt

The new Mazda 3 made its first auto show appearance on Tuesday in Frankfurt. It's the first time we've seen the hot hatch since its five-city launch in June that coincided with the 10-year anniversary of the first 3. It's the third member of the family to use the Kodo design style, which means “soul of motion.” Here in the States, the 3 will offer two gasoline engines, both with direct injection.

Introducing the 1985 Saleen Mustang GT

Steve Saleen has never been a tuner. Sure, he made his name picking cars off factory production lines and modifying them -- heavily -- for enthusiasts craving something a little bit different. But what he does is more akin to remanufacturing than mere hopping-up, as this review of the 1985 Saleen Mustang GT from the Aug.