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Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

Meguiar still recovering from viral infection

TV host and car collector Barry Meguiar remains hospitalized in Monterey, Calif., recovering from a viral infection, but his condition is improving, a spokeswoman said on Wednesday. Meguiar, 67, was said to be in stable condition last week. On Wednesday, the spokeswoman said Meguiar was still on the mend and was awake.

Breaking: 2015 Corvette Z06 drops its top for New York auto show

This is the new 2015 Corvette Z06 convertible, the Stingray for owners who want it all, shown a little earlier than we expected. Buyers get the Z06 engine, racing suspension and brakes, and now, for the first time since 1963, they can get that package with a convertible top, as we'll see at the New York auto show. “Until recently it was not possible to create a lightweight, open-roof structure strong enough to cope with the braking, cornering and acceleration of Corvette's top performance models,” said Corvette chief engineer Tadge Juechter.