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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.

Lamborghini Huracán blasts into town

SUPERCAR specialist Lamborghini has finally taken the wraps off the replacement for the long-serving Gallardo. Called the Huracán, its looks might follow the same winning formula as the car it replaces, but its performance statistics blow the old car into the weeds. With a new V10 engine packing a mighty 602bhp punch, the Huracán has been tipped for a top speed ‘faster than 202mph’.

Lifetime of commuting 'costs £50,000'

A CAREER-LONG commute is likely to set a worker back an average of £50,000, according to a survey. For a Londoner starting work at 18 and finishing at 65, the cost of commuting could reach as high as £66,000, the poll by investing service Nutmeg.com found. Overall, commuters will spend an average of 10,634 hours travelling to and from work in their lifetime - the equivalent of 443 days.