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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.

New Nissan 'Golf rival' teaser shot revealed

AFTER a long absence from the compact family hatchback market, Nissan has released a teaser shot of the car that it hopes will 'putt' the Volkswagen Golf in its place. The new car will be called the Pulsar, and comes eight years after the final UK-bound Almera hatchback was sold. Nissan will be hoping that the dour reputation of that car will be left long behind, and on the basis of its latest models like the new Qashqai, things are looking good.

Porsche 911 50 Years Edition celebrates the 911′s half century

The Porsche 911 50 Years Edition (pictured) celebrates half a century of the 911 If you’d guessed how much the Porsche 911 would change in the coming years when it was first launched in 1963, there’s a pretty strong chance you’d have decided the shape would change out of all recognition and the engine would move from the back to the front. But you’d have been wrong. The Porsche 911, perhaps more than any other car ever made, has evolved over its 50 years of life instead of being replaced by a new and ‘better’ car.