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GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

Caterham AeroSeven Concept previews new Caterham in 2014

The Caterham AeroSeven Concept (pictured) previews a new Caterham in 2014 It’s a new Caterham, but a new Caterham that signals not only a new model for 2014, but a new design direction as Caterham moves towards the fruits of their alliance with Renault on the Alpine project. The Caterham AeroSeven isn’t a look at Caterham’s version of the Renault Alpine project, but a new track-inspired road car designed in a collaboration between Caterham Technology and Innovation, Caterham F1 and Caterham Cars. The new Aero Seven’s underpinnings come from a revised version of the Seven CSR’s chassis with pushrod suspension at the front and full IRS with new dampers and springs.

Infiniti M35 Hybrid revealed

The Infiniti M35 Hybrid - due to launch in 2011 The M35 Hybrid is based on the Infiniti M which was revealed recently at Pebble Beach. It will feature a 3.5 litre V6 petrol engine coupled to an electric motor by a clutch, which means the drive goes through the propshaft to the rear wheels whatever mix of power source is being used. The M35 Hybrid is a mild hybrid, with the electric motor being used to boost the petrol engine when maximum power is called for, as well as charging the battery and recovering energy that would otherwise be lost under braking and acceleration.