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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.

Designer Camilo Pardo stages 'Fuel Injection' art show in Michigan

Automotive designer Camilo Pardo's greatest work of art may have been the Ford GT, but those interested in seeing his work in mediums other than sheetmetal can attend his solo exhibition, titled "Fuel Injection," premiering this weekend at the 323 East gallery in Royal Oak, Mich. Running from June 11 to July 2, Pardo's show will include silk-screened images on repurposed materials such as wooden doors and aluminum signs, and it will revisit his favorite subjects--cars and women. The exhibit recalls the pop art of Andy Warhol's era, Pardo says.

Detroit brands top Asian, European rivals in study of most appealing models

Owner delight with import vehicles is falling, and Detroit 3 brands are more appealing than European and Asian rivals for the first time in 13 years, according to a study measuring owner enthusiasm and satisfaction. The biggest improvement in owner appeal was made by high-performance models from Ford Motor Co. and General Motors Co., J.D.