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Read the Spyker Cars press release announcing the purchase of Saab from GM

PRESS RELEASE: GENERAL MOTORS AND SPYKER CARS REACH AGREEMENT ON SAAB -- GM and Spyker Cars announce a binding agreement over the transfer of ownership of Saab -- Terms are agreed and the deal is expected to close in February -- Saab's future as an independent company is secured -- Saab will exit the orderly wind-down process -- Spyker shareholders will restructure at closure of the deal -- Swedish Government issues guarantee in favour of EIB ZEEWOLDE, The Netherlands (26 January, 2010) -- General Motors Company and Spyker Cars N.V, today confirmed the details of a binding agreement over the transfer of ownership of Saab Automobile AB of Trollh

Rolls Royce Hyperion up for grabs

  Rolls Royce Hyperion by Pininfarina - up for €4.5 million Based on the Rolls Royce Drophead Coupe, the Rolls Royce Hyperion is a one-off custom coachbuild by legendary Italian firm Pininfarina. How much, I hear you ask. €4.5 million.

Andy Saunders sells 'Art Cars' collection

British 'car artist' Andy Saunders' 'Art Car' collection was sold by RM Auctions in London, UK on October 29, along with a selection of classic cars and a McLaren F1 that sold for £2.5 million - a new world record. Though lacking the quality of many Californian custom cars when seen close up, the Art Cars were fascinating to see, and unlike other custom car creators, Saunders has made almost all of the cars for himself; conceiving and creating the cars without any design process beyond thinking them through and getting his hands dirty in evenings after work.  Each of the cars introduced new themes not evident in their donor designs and, within the context of many salubrious but established classic car designs at the auction, they had a powerful quixotic appeal. So why is he selling them?