1976 Trans Am Spoilers (rear) Wheels on 2040-parts.com

GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.

Only one minivan in Chrysler's future, no subcompacts for U.S. market

The Chrysler Group will offer just one minivan in the future--the Chrysler Town & Country--as part of a plan to end duplication in dealer showrooms and give each of its brands a strong and distinctive lineup. Under the plan, the Dodge Grand Caravan minivan and Dodge Avenger mid-sized sedan will be replaced by a single crossover in 2013, Chrysler CEO Sergio Marchionne told Automotive News. The Chrysler brand will get a replacement for the 200 sedan when the Avenger, its sibling, is replaced.

Next-generation Porsche 911 spied frolicking in the snow

The next-generation Porsche 911 is proving to be an alluring target for spy shooters, who have caught coupe and cabriolet versions undergoing snow testing in the dead of night. Chatter is that this new 911, known internally as the 998, will roll out in late 2011 as a 2012 model--which could set it up for a debut at the 2011 Frankfurt motor show. The all-black prototypes look similar to what we