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GM and Koenigsegg agree Saab sale
Tue, 16 Jun 2009By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.
Aston Martin and AMG confirm partnership on new V8 engine
Thu, 19 Dec 2013Aston Martin and AMG working on new V8 engines The collaboration deal between Aston Martin and AMG has moved to another level with the announcement that the two companies are working on a new V8 engine for Aston Martin. Aston Martin and AMG signed a letter of intent in July to kick off their technical partnership, and the news the companies are working together on a new V8 engine – which will probably first be seen in a new V8 Vantage – is the first fruits of the deal. A statement from AML and AMG said they are planning to expand their agreement to work on sharing electronic components and will “investigate additional areas of operation”.
Mercedes-Benz recalling 2,297 diesel cars for fuel leak
Fri, 05 Nov 2010Mercedes-Benz is recalling nearly 2,300 diesel-powered cars to fix a leak in the fuel system. The recall covers 2011 models of the E-class, the GL-class, the M-class and the R-class. The fuel leak is caused by a faulty fuel-filter O-ring that may have not been properly lubricated.