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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.

BMW M5 30 Years Edition is OFFICIAL – it’s the ’30 Jahre M5′

The BMW M5 30 Jahre M5 (pictured_ celebrates 30 years of the M5 We revealed at the weekend that BMW were planning a special edition M5 to celebrate 30 years of the M5 and. as expected, BMW has now revealed the 30 Jahre M5 (30 years of the M5). As expected, the 30 year M5 gets a tweaked version of the 4.4 litre twin-turbo V8 found in the regular M5, but builds on the M5 Competition Package model by throwing an extra 25bhp in to the mix for a total of 592bhp (600PS).

Infiniti M35 Hybrid: first official photos

By Tim Pollard First Official Pictures 08 October 2009 16:16 We've known it's coming, but here is the first look at Infiniti's new petrol electric exec: the M35 Hybrid. As signalled by the Essence concept car, Infiniti is keen to stress that its hybrid cars won't be just about saving pennies – they'll be fun to drive too. Sounds like a dig at sensible old Lexus to us.The new Infiniti M35 Hybrid will be the upmarket Nissan arm's first hybrid in its 20 years of building exec rivals to the default Audis, BMWs and Mercedes.