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New Car Sales Accelerating Ahead

IT’S GOOD news in the new car market as the latest figures from industry body the Society of Motor Manufacturers and Traders (SMMT) reveal registrations already outstripping those of 2012 with one month of the year still to go. A total of 159,581 new cars were registered in November - a 7% rise on the figure for November 2012. Last month's figures took the year-so-far total to 2,111,819 - a 9.9% rise on the January-November 2012 total and already in excess of the year-end 2012 figure of 2.04 million.

Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

Ford's Mulally gets warm reception at CES

Ford CEO Alan Mulally introduced the Focus electric at the 2011 Consumer Electronics Show on Friday in a presentation that was short on details about the car and long on cures for range anxiety. That's partly because Ford is saving details about the car for next week' Detroit auto show, and partly because range anxiety figures to be a major reason for all but the most committed customers to avoid electric vehicles like the Ford Focus electric. Mulally managed to avoid using the term, but said Ford is confronting range anxiety head-on.