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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.

2012 Ford Focus ST gets 297bhp

Those clever chaps at SuperChips have given the 2012 Ford Focus ST a bit of an ECU tweak to deliver 297bhp and an extra 85lb/ft of torque. When we reported last week that WTC outfit Arena had in roped Ford’s tuner of choice, Mountune, to give the new Ford Focus a makeover, we were a tad disappointed to discover that they were tweaking the rather journeyman Focus Zetec S. That meant the Zetec S got 200bhp – a handy jump – but we bemoaned the fact that they hadn’t fiddled with the Focus ST to give us a car to fill the void left by the absence of a Focus RS in the current iteration of the Focus.

Chevrolet Volt MPV5 surfaces

GM revealed the Chevrolet Volt MPV5 Concept at Beijing We’re all busy waiting for the Chevy Volt / Opel Ampera / Vauxhall Ampera to turn in to reality. Despite that, GM has today rolled out an MPV / Crossover  version of the Volt at Beijing – The Chevrolet Volt MPV5 Electric Concept. According to GM the Chevrolet Volt MPV5 is amongst the most aerodynamic of crossovers, thanks to its closed grill, lower air dam and a full underbody belly pan.