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Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.

Show Review: 100% Design 2005

London has recently hosted 100% Design, the city's response to the Milan Furniture Show that currently dominates the product design calendar. Just as the Italians have spread their show over the city, Londoners have begun to do the same, introducing 100% East in the arty East End, and using more floorspace at Earls Court, the exhibition centre that formerly hosted the British Motor Show. 100% Design is complemented at Earls Court by 100% Detail and 100% Material.

September sales hint at improvement

A 10 percent increase in new-vehicle sales in September is sparking optimism that the year will have a strong finish. And analysts say that deals might get better over the next few months as Toyota and Honda finally recover from shortages caused by the earthquake that hit Japan in March. Those brands might increase spending on incentives to woo buyers back into their showrooms.