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Koenigsegg signs deal to buy all of Saab
Tue, 18 Aug 2009By 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.
Mercedes S500 Hybrid Frankfurt reveal
Wed, 16 Sep 2009Mercedes has revealed the S500 plug-in Hybrid at Frankfurt But the S-Class is the ultimates ‘Bankers Car’. So where to go with S Class without destroying the kudos for buyers is a problem. Mercedes made a start with the mild S400 Hybrid, but as we reported recently they are going much further with the S500 Hybrid which was revealed yesterday at Frankfurt.
New Vauxhall Meriva (2010) spotted
Thu, 24 Sep 2009The 2010 Vauxhall Meriva testing at the Nurburgring This Meriva is an all new design and follows the family theme set by the new Astra and Insignia. But we think it’s a bit of a ringer for the new Kia Venga we saw at Frankfurt last week. Still, there’s a limit to what you can do with a set criteria and a five-seat MPV, so that’s no huge surprise.