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Koenigsegg signs deal to buy all of Saab
Tue, 18 Aug 2009By 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.
VW Touareg R-Line arrives & Volkswagen cut price of VW CC
Thu, 24 Jan 2013Volkswagen has launched the Touareg R-Line in the UK with sporty looks and extra equipment, and cut the price of the VW CC. A lot of VW’s SUVs – big and small – do conspire to look a bit bland in standard guise, so to give sales a bit of a boost VW is busy rolling out the R-Line option to tart up their cars a bit. Latest to arrive is the VW Touareg R-Line – Volkswagen’s biggest SUV – which gets the full R-Line makeover with a sporty take on the Touareg’s look by adding new butch bumpers and side skirts, the addition of a set of 20″ Tarragona alloys, R-Line badges – inside and out – and panoramic roof.
Ford tops Scrappage Scheme
Fri, 17 Jul 2009Ford have made 14,000 sales under the Scrappage Sheme Ford – who are the biggest car seller in the UK anyway – are, not surprisingly, coming out on top in the Scrappage wars. They’ve managed to shift over 14,000 cars under the Scrappage Scheme in the last few months, and orders are coming in at the rate of 300 a day. Top seller is the new Ford Fiesta, with a healthy dose of Fiesta sales being the Ford Fiesta ECOnetic.