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Read the Spyker Cars press release announcing the purchase of Saab from GM

PRESS RELEASE: GENERAL MOTORS AND SPYKER CARS REACH AGREEMENT ON SAAB -- GM and Spyker Cars announce a binding agreement over the transfer of ownership of Saab -- Terms are agreed and the deal is expected to close in February -- Saab's future as an independent company is secured -- Saab will exit the orderly wind-down process -- Spyker shareholders will restructure at closure of the deal -- Swedish Government issues guarantee in favour of EIB ZEEWOLDE, The Netherlands (26 January, 2010) -- General Motors Company and Spyker Cars N.V, today confirmed the details of a binding agreement over the transfer of ownership of Saab Automobile AB of Trollh

New Porsche 911 Carrera 4: Official

Porsche has revealed details of the new Porsche Carrera 4 ahead of its debut at the 2012 Paris Motor Show. After we published the first leaked photos of the 2013 Porsche Carrera 4 at the weekend it seemed likely that Porsche’s own reveal wouldn’t be far behind, and here it is. As expected, we get the reveal not just of the 911 Carrera 4 and Carrera 4S, but the cabriolet version as well as the coupe; a full set of new Porsche 911s.

Mercedes-Benz introduces nine-speed automatic gearbox

Mercedes-Benz has quietly slipped a new nine-speed automatic into its lineup as standard equipment on the European market E350 BlueTec. The new in-house produced unit, known internally under the name 9G-Tronic, has long been slated for selected Mercedes-Benz models. However, its existence was officially denied until the weekend, when Mercedes-Benz's German language website configurator went live with various updates for the E-class lineup -- including an entry signaling the 9G-Tronic is now available on the standard rear-wheel drive E350 BlueTec in place of the older seven-speed.