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GM leapfrogs Toyota

By Chris Hope Motor Industry 24 July 2007 10:19 Is General Motors winning the battle, but not the war? GM this week wrestled back its top spot as the world's biggest car maker from Toyota. The Japanese maker was the global number one in the first quarter of 2007 but GM has hit back in the second quarter from April to June to reclaim its 76-year-old crown.

Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

Guggenheim to auction BMW M1 art car

The Guggenheim Museum in New York is selling an original BMW M1 art car to raise funds and to make way for other exhibits. Frank Stella painted the Bavarian supercar in 1979, and it has been part of the Guggenheim collection since 1999. BMW has commissioned many art cars since the program launched in 1975, including another M1 by Andy Warhol and a 3.0 CSL also by Stella.