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GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

Who's Where: Jason Castriota opens own design consultancy

Former Bertone and Pininfarina designer, Jason Castriota, has opened his own design consultancy based in New York and Turin. CDN recently caught up with Castriota - who is currently in New York - and discovered he's already working on a series of projects, despite having not yet officially launched the company. Castriota told us that it had always been his "dream to have my own consultancy in New York", yet what's clearly pleasing him most is the volume of work he's already accrued, without officially launching the firm.

Porsche Cayman and Boxster GTS on the way

Porsche Cayman GTS and Boxster GTS variants are expected to be unveiled at the 2014 Beijing Motor Show this year, before the upgraded versions of the German firm’s two-seater coupe and convertible models go on sale in April. According to reports, development work on both cars is now almost complete, with both vehicles gaining a power increase and revised styling over existing Cayman and Boxster models (pictured). On Bing: see pictures of the Porsche Boxster GTSFind out how much a used Boxster costs on Auto Trader Porsche has used the ‘GTS’ tag before, for versions of its existing cars that provide a more focused driver experience and greater emphasis on involvement and handling, and which retain normally aspirated engines.