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GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.

BMW 3 Series GT revealed

The BMW 3 Series Grand Turismo – the third model in the BMW 3 Series range – has been revealed ahead of a public debut at the Chicago and Geneva Motor Shows. Now, BMW has revealed a little brother for the not exactly super successful 5 Series Grand Turismo, in the guise of the new BMW 3 Series GT, a slightly ungainly looking 3 Series that’s almost as big as a 5 Series and will cost around £3,000 more than the 3 Series saloon. Stretched by 110mm in the wheelbase from the 3 Series Touring – and a full 200mm longer – the 3 Series GT will, say BMW, offer the dynamics of the saloon with the practicality of the Touring.

Toyota’s Hiromu Naruse dies in LFA Nurburgring accident

Hiromu Naruse dies in LFA Nurburgring Frankly, we’re not too sure of all the details, but it appears that Hiromu Naruse, Toyota’s Chief Test Driver – and Akio Toyoda’s personal driver – has been killed on a public road near the Nurburgring whilst at the wheel of a Lexus LFA Nurburgring Special. The reports coming in  state that Naruse collided with a BMW being driven by two test drivers. Neither of the test drivers in the BMW was killed, although it seems that one has life threatening injuries and is in a critical condition.