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BMW recalls 32,000 vehicles for fire risk

BMW is recalling about 32,000 cars and crossovers because the circuit board for the electric auxiliary water pump can overheat. The recall covers the 5-series sedan and Gran Turismo, the 7-series, the X5 and the X6 from the 2008 to 2011 model years equipped with V8 or V12 engines. Two engine fires have resulted from 102 failures, according to BMW.

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.

Jaguar Land Rover Special Operations buys world’s biggest British car collection

James Hull’s British car collection – new owned by Jaguar Land Rover News watchers and petrolheads may be aware that the world’s biggest collection of British cars has been up for grabs recently as its owner – cosmetic dental guru James Hull – decided he wanted to see his collection in new, safe hands after a run of health problems. And now it has a new owner. James Hull has sold his entire collection to Jaguar Land Rover’s Special Operations in a deal that secures the collection’s future – and keeps it in the UK – for a price that is doubtless well below the much-vaunted £100 million it’s though to be worth.