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Koenigsegg signs deal to buy all of Saab

By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.

Are BMW & Hyundai planning joint engine development?

Are BMW & Hyundai talking engines? Reports are rife that BMW and Hyundai are in talks about co-operation on development of a new range of engines. The German press kicked it off yesterday and now Reuters have got in on the act with their own sources apparently confirming talks between BMW and Hyundai over the joint development of a new range of engines.

Nissan Mixim concept (2007): first official pictures

By Tim Pollard First Official Pictures 29 August 2007 02:30 Nissan Mixim: the lowdown This outlandish electric sports car will form the centrepiece of Nissan's Frankfurt Motor Show stand. As you can tell from its squashed insect looks, the Mixim is no production car in prick-tease show-off mode. This is a far-flung fantasy on the long-distance radar of Nissan's product planners.