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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.

Smart to sell Nissan-built car in U.S. in 2011

The U.S. distributor of Smart cars says it has a tentative deal with Nissan to sell a small, five-door car built by the Japanese automaker under the Smart brand, beginning in late 2011. Smart USA Distributor LLC, which is owned by Roger Penske's Penske Automotive Group, said the car would be powered by a gasoline engine and fit the B-segment size class.

SsangYong Korando heralds SsangYong’s return to the UK

SsangYong Korando sees SsangYong back in the UK If you choose to think about the Korean takeover of the car sales charts in the last few years, you tend not to think of SsangYong. But maybe that will change with the arrival in the UK from September of the all-new SsangYong Korando, a compact SUV come Crossover aimed at its compatriots – the Hyundai ix35 and Kia Sportage. How will it get on?