Apollo 1 Loran C Ii Morrow 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.

One Lap of the Web: Dying wishes, Euro cars and worst traffic jam in history

We spend a lot of time on the Internet -- pretty much whenever we’re not driving, writing about or working on cars. Since there’s more out there than we’d ever be able to cover, here’s our daily digest of car stuff on the Web you may not otherwise have heard about. If you’d like to start the day off with a good cry, read about 17-year-old Zach Sobiech over at Autoblog.

Saturn done in four months

General Motors Co. has halted production of Saturn cars and crossovers and plans to sell the thousands of Saturn vehicles it has in stock within the next four months. Many of the vehicles were built to supply to Penske Automotive Group Inc.