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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.

Kia to show KND-7 concept at CES in Las Vegas

Even though just a few years ago cars weren't a prominent part of the annual Consumer Electronics Show in Las Vegas, it is now an event filled with automakers and their concept cars. And for the 2014 edition of the massive show, Kia will bring their KND-7 concept. The KND-7 features a 1.6-liter turbocharged GDI (gasoline direct injection) four-cylinder engine good for 201-hp, along with cheeky exterior design.

Next Hyundai Genesis partially revealed in spy shots

Thanks to an Autoweek reader, spy shots of the next Hyundai Genesis sedan found their way into our inbox this morning. The big four door was heavily camouflaged at rainy O'Hare Airport, but we can definitely see the winged Genesis logo on the wheels and the interior is Hyundai all the way. The front end looks blockier than the outgoing model, similar to the HCD-14 concept we saw at the Detroit auto show.