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GM agrees to sell Saab to supercar company Koenigsegg
Tue, 16 Jun 2009General 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.
Subaru's Levorg concept set for Tokyo
Fri, 01 Nov 2013Subaru has revealed the first teaser images of its Levorg tourer concept ahead of its unveiling at next month's Tokyo Motor Show. The concept, which previews a new 2014 model, is designed to blur the line between a tourer's practicality and a sports car's design and will target the Japanese market. Its name is derived from a combination of the words ‘Legacy', ‘Revolution' and ‘Touring'.
MG and 'Rover' set to re-join forces
Tue, 03 Jul 2007By Keith Adams Motor Industry 03 July 2007 01:29 Reports in China suggest that Shanghai Automotive Industry Corp (SAIC) is once again in talks with Nanjing Automobile Corp (NAC), the owners of the MG marque and the Longbridge factory. The deal is being backed by Chinese government, which wants to see more cars sold in export markets. Are we looking at the creation of a latter day MG Rover based in the Far East?