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Read the GM press release annoucing the sale of Saab to Spyker Cars

PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

Audi reveals monster V12 diesel

By Phil McNamara First Official Pictures 18 September 2006 08:15 Audi has revealed details of a flagship diesel Q7, which runs a V12 TDI inspired by the company's Le Mans-winning diesel racer. Ingolstadt claims the engine is the world's most powerful production diesel. The blown 6.0-litre V12 kicks out 493bhp and a staggering 737lb ft at just 1750rpm.

Third annual World Automotive Design Competition

The third annual World Automotive Design Competition, sponsored by Alias, was hosted by the Canadian International Auto Show in Toronto, Ontario, on February 12. Britain's Coventry School of Art and Design, and Tsinghua University in Beijing, China were the big winners, together garnering seven of the eight prizes. Ninety-four students from twenty design schools from China, Brazil, Japan, France, Korea, England, Wales, Italy, Spain, India, Sweden, the USA and Canada competed to win over US$140,000 in prizes.