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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.

Nissan Cube (2009) unveiled at LA Auto Show

By Ben Pulman First Official Pictures 19 November 2008 02:00 This is Nissan’s funky new third-generation Cube, unveiled at the LA Auto Show today and set to go on sale in North America in spring 2009. But the big news is that Nissan will also finally sell this new Cube officially in the UK, so the Fiat 500 and Mini will have an edgy new Japanese rival from early next year. The Nissan Cube, eh?

Chrysler sounds rally cry with Super Bowl ad: Video

Chrysler was a holdout last week. While every other automaker was rolling out its Super Bowl ads days before the big game, Chrysler waited until Sunday's halftime. The ad featured actor Clint Eastwood in a spot appropriately titled "Halftime." Amid gritty images of Detroit, Eastwood talked about America's can-do spirit and the ability to rally back from adversity--just as Detroit has.