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Koenigsegg signs deal to buy all of Saab

By 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.

Used cars 'getting cheaper'

CONSUMERS holding on to their motor for longer are driving down the cost of used cars, according to new research. The average price for a second-hand car in July-September 2011 was £8,870 - a 2.4% decline compared with the same period a year ago, according to the Auto Trader company. It is the first time the price has dipped below £9,000 since the company started tracking the market in January 2010.

Infiniti prices the 2012 QX and EX

Infiniti is sticking with 2011-model-year prices for the 2012 QX luxury SUV, hoping to maintain a positive sales response since last year's redesign. Meanwhile, the 2012 Infiniti EX crossover models will have higher stickers across the board, with sporty rear-wheel-drive models starting at about $1,000 more for 2012. The base rear-wheel-drive, V8-powered Infiniti QX56 with seven-speed automatic transmission starts at $59,690, including destination.