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Read the GM press release annoucing the sale of Saab to Spyker Cars

PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

Volkswagen Iroc concept

The Iroc is a show car preview of a production coupe to be launched next year that will fill a gap in the Volkswagen model line up left by the demise of the Corrado 11 years ago. Volkswagen describe the Iroc as "transferring the globally successful Scirocco idea into the future" - the Scirocco Mk1 by Giugiaro being produced from 1974-1982, the Mk2 from 1982-1992. Like the Scirocco, the Iroc is a front wheel drive coupe with four seats - as opposed to the 2+2 seating arrangement of the only other sports coupe from Volkswagen Group: the Audi TT.

Lexus teases new design direction ahead of Detroit 2012

Lexus Concept Tease Detroit 2012 (click image for full size) Lexus has sent us a teaser photo of a new Lexus Concept heading for the Detroit Motor Show which is said to preview a new design direction. With the 2012 Detroit Motor Show just weeks away, we’re starting to get the big teases from car makers eager to ramp up interest in their offerings. This morning we learnt that Honda will take the new NSX to Detroit, and now we have arch-rivals Toyota teasing a new design direction for Lexus with a tease of a new concept, also Detroit-bound.