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Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

Koenigsegg Hundra: One-off Koenigsegg Agera S – first details & pictures

The 100th Koenigsegg – the Koenigsegg Hundra, based on the Agera S – is heading for a debut at the 2013 Geneva Motor Show. The Koenigsegg Hundra (hundra means 100th in Swedish) is a right hand drive Agera S in clear carbon with 24 carat gold leaf inlays – Artisan applied, of course – creating what Koenigsegg are calling “…an intriguing mix of traditional and hi-tech craftsmanship”. We’re assuming that the Koenigsegg Hundra is heading for Hong Kong because Koenigsegg has based it on the Agera S – which can produce the 1030 horses of the Agera R but without needing to use biofuel – and it’s right hand drive.

First Sight: Fenomenon Stratos

The Geneva Show sees a surprising newcomer to its stands in the shape of Fenomemon Ltd and their concept Stratos project. This new London-based vehicle design agency is led by a current student on the Royal College of Art's Vehicle Design course, Chris Hrabalek, who has masterminded a complete full-size mockup of a reborn Lancia Stratos concept for this year's Geneva Show. In a world where multinational companies spend several million dollars on a concept car and stand, that's a phenomenal achievement.