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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.

Nissan ads stray from focus on price

Nissan North America will stray from the discount-deal marketing pitch adopted late last year when a sinking economy kept consumers away from U.S. dealerships. A TV ad campaign that begins on Thursday will tout the loftier messages of safety, quality and performance.

Volkswagen joins Global Rallycross with Foust and Speed

The biggest splash at the 2014 Chicago Auto Show might have been made by Volkswagen on Thursday. The giant German automaker, along with Andretti Autosport, unveiled its 560-hp, all-wheel-drive Global Rallycross Beetle. GRC champion Tanner Foust will pilot the first car while ex-Formula One driver Scott Speed will helm the second.