Peterbilt Semi Trucker Denim Hat on 2040-parts.com

GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.

Mini E Hits Europe

The Mini E is by no means a finished car; it is in fact a prototype which BMW has decided they will rush forward by letting motorists do the real-world testing. I appreciate the logic in this, but I’m still far from convinced that EVs are the way forward. Mini E Hits Europe It’s hard to see how BMW can lose on this.

2014 Audi R8 priced at $119,150

The 2014 Audi R8 goes on sale Friday at the low, low price of $119,150 -- including destination and gas guzzler -- when equipped with the manual transmission. The S-Tronic-equipped version ups the price to $128,250. The base Audi R8 makes 430 hp and 316 lb-ft of torque from its 4.2-liter V8.