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Ssangyong XIV-2 Concept – it’s a convertible compact SUV

The Ssangyong XIV-2 Concept will debut at Geneva Ssangyong has rolled out the second version of their XIV Concept – the XIV-2 – a convertible compact SUV. Debuts at Geneva. When Ssangyong rolled out the concept that seemed to take its inspiration for its name from a Gerry Anderson feature – the XUV-1 – we thought it a good way to go to revive the fortunes of Ssangyong.

Lexus debuts dedicated HS 250h hybrid at the Detroit auto show

Lexus is no stranger to hybrids, with green offshoots of the GS and LS sedans and RX SUV currently in showrooms. However, joining them this summer is Lexus's first dedicated hybrid, the HS 250h, which made its debut at the Detroit Auto Show. The new entry-luxury sedan slots between the IS and ES in the Lexus range.

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.