Gm Tech 1 Diagnostic Scanner 5.0l 5.7l Engine Pin E Adapter Ta02149 (ap-30231) on 2040-parts.com

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.

HERTZ TO OFFER ELECTRIC IMIEV HIRE

THE HERTZ Corporation has signed an agreement with Mitsubishi Motors in the UK to add the pure-electric vehicle (EV) i-MiEV city car to the fleets of Hertz and car sharing club Connect by Hertz in the UK. The rollout has already begun with two Mitsubishi i-MiEVs now available for Connect by Hertz members to zip around London. Hertz plans to add further i-MiEVs to its fleets throughout the year across the UK, as well as offering vehicles for corporate and university pool fleets.

Honda to field seven entries at Pike’s Peak

Honda will join the 2014 Broadmoor Pikes Peak International Hill Climb as a sponsor and a competitor, the company said on Thursday. The company will run five cars up the hill, in addition to a motorcycle and an ATV. "Pikes Peak presents us with a unique opportunity to showcase Honda's diverse product lineup as we work to further strengthen Honda's presence in racing at all levels," said Art St.