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GM completes sale of Saab to Spyker

General Motors today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands. The transaction combines Saab Automobile and its 3,400 employees with Spyker Cars and its 110-plus workers.

Russian tech entrepreneur buys EV maker Think

Norwegian electric-car maker Think Global AS, which filed for bankruptcy in June, has reportedly been bought out by a global technology entrepreneur. New owner Boris Zingarevich currently runs investment operations based in St. Petersburg, Russia.

BMW i8 production car revealed – costs £99,845: Frankfurt 2013

The new BMW i8 Hybrid (pictured) will cost £100k in the UK The BMW i8 jas finally arrived in production guise at the Frankfurt Motor show, neatly creating the top end of BMW’s new i-brand range after the BMW i3 underlined the starting point. Looking really quite appealing, the i8 uses the same carbon fibre reinforced plastic bodyshell and aluminium chassis construction as the i3, but whereas the i3 is built to be a city car, the i8 is the closest we’re likely to get to a 21st century version of the BMW M1. Similar in size to the Audi R8, the BMW i8 is a 2+2 with a 3-cylinder 1.5 litre engine and generator sitting at the back and driving the rear wheels and an electric motor at the front driving the front wheels, with a petrol tank at the back and the batteries for the electric motor stored in the centre tunnel.