Volkswagen Oem 3d0959577b Outside Mirrors-adjust Motor on 2040-parts.com

GM and Koenigsegg agree Saab sale

By 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.

Renault spy scandal: Former COO 'had to leave'

Patrick Pelata fell on his sword to save his boss and friend -- and maybe his company. Pelata, often called one of the industry's best product strategists, was part of a small team of executives Carlos Ghosn brought to Nissan Motor Co. in 1999 after Renault bought a controlling stake in the Japanese company.

Bugatti Veyron Grand Sport Vitesse sets World Speed Record: OFFICIAL

What it was was a new world speed record for the Bugatti Veyron Grand Sport Vitesse, Bugatti’s convertible Veyron, which had been out playing at VW’s Ehra-Lessien test track in the hands of Chinese driver Anthony Liu, and under the watchful eye of Germany’s Technical Inspection and Certification (TÜV) to certify the Vitesse’s performance. That new world speed record for an open-topped production car is now officially 408.84kph (254mph), so Bugatti are dong what Bugatti do and producing a limited edition World Speed Record car – the Bugatti Veyron Grand Sport Vitesse WRC Edition. The Vitesse WRC comes with Bugatti’s 7.9 litre W16 with 1184bhp, 1,106lb/ft of torque and the same orange and black colour scheme as the Grand Sport World Record Coupe got when it broke the world speed record for a production car.