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Koenigsegg signs deal to buy all of Saab
Tue, 18 Aug 2009By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.
Aston Martin to shift Rapide production to U.K.
Tue, 07 Jun 2011Aston Martin said it will transfer production of the Rapide sedan to the U.K. from Magna Steyr in Austria. Rapide production will move to the company's headquarters in Gaydon, central England, in the second half of 2012, the company said Tuesday.
2015 Mercedes C-class reveal at the Detroit auto show
Mon, 13 Jan 2014We got our first look at the new 2015 Mercedes-Benz C-class sedan last month in a series of photographs released by the German automaker. Now, amid the melee of the Detroit auto show, we finally get to see the fourth-generation C-class in person. As expected, the new car does a great impression of a baby S-class with a strong front end, plenty of side-sculpting and a gentle slope to the rear.