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Koenigsegg signs deal to buy all of Saab
Tue, 18 Aug 2009By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.
BMW announces 2009 7 Series Diesel
Mon, 08 Dec 2008BMW has announced that it will, as expected, be launching the diesel version of the 2009 7 Series next year. This is in addition to the two petrol engined models already scheduled. Even at this luxury end of the market, the diesel engine has become a must-have for car makers.
Lewis Hamilton takes pole at British Grand Prix – Mercedes front row
Sat, 29 Jun 2013Lewis Hamilton & Nico Rosberg (pictured) celebrate their front row at the British Grand Prix Mercedes may have turned in some stunning qualifying laps this year (although their race performance hasn’t really matched up) but Hamilton’s pole at the 2013 British Grand Prix was a stunner – almost half a second (0.452s) ahead of team mate Nico Rosberg. The pole for Hamilton – his first since the Chinese Grand Prix – was a corker (as was Rosberg’s, to be fair) and left the Red Bulls relegated to the second row with Vettel in third and the newly ‘retired’ Mark Webber in fourth. But whether the stunning lap by Hamilton presages an impossible task for Red Bull tomorrow, we’ll have to wait and see.