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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.

VW’s Sebastien Ogier wins 2013 World Rally Championship

By Ollie Kew Motor Industry 04 October 2013 11:00 The World Rally Championship has its first new champion in nearly a decade – and wouldn’t you know it, this one’s called Sebastien too. Taking over the mantle from unbeatable Frenchman Sebastien Loeb is his fellow countryman Sebastien Ogier, driving for VW rather than Loeb’s dominating Citroen World Rally Team. Loeb chose to compete in ‘selected events’ in 2013, opting to race in the Monte Carlo, Sweden and Argentina and France events.

Camaro, Sonic fill the Chevrolet stand at SEMA

Custom Camaro and Sonic models lead the way at the Chevroletstand at SEMA this year, with a green electroluminescent Hot Wheels Camaro leading the pack. The paint on the Hot Wheels car was not actually plugged in to an electrical source to make it glow so bright, but it sure seemed like it was. The idea was to get the same metallic finish that shined on the first 1:64 scale Hot Wheels Camaro, one of the original 16 die-casts that debuted from Mattel in 1968.