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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.

Renault Zoe sets new electric car record for distance travelled

The Renault Zoe EV has set a new world record for distance travelled in an electric car in 24 hours – 1005 miles. It seems Renault are determined to prove that an electric car – in this case the Renault Zoe EV – can travel sensible distances in a sensible period of time. So they set out to run a pair of production spec Renault Zoes round the Aubevoye speed ring in Normandy for a full twenty four hours with the aim of breaking the record for distance travelled in an electric car in that time (yes, there’s a world record for everything these days).

Renault’s electric cars ‘will cost the same as its diesels’

By Richard Yarrow Motor Industry 28 April 2009 12:10 Three electric vehicles (EVs) in development by Renault will cost the same as the equivalent diesels in Britain, the company has confirmed to CAR Online. Battery-powered electric Renaults are expected to cost from around £15,000 when they arrive in the next couple of years. The announcement takes into account the UK Government’s £5000 EV incentive scheme announced earlier this month.