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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.

2013 Chevy Sonic RS priced at $20,995

The sportier 2013 Chevrolet Sonic RS carries a sticker price of $20,995, including destination, when paired with a six-speed manual; the automatic version will sticker for $22,280. The RS differs from the base Sonic with unique transmission gearing in the manual and a higher, 3.53 final drive ratio for the automatic transmission. It's available only in hatchback form.

Volvo S60 concept

This is the first look at the new S60 concept Volvo plans to reveal at the Detroit Auto Show in January. The concept gives an indication of what the new sedan will look like when it's launched in 2010. The new car's coupe-inspired silhouette follows on from the original S60's and is also underlined by entirely new shoulder contours and a gentle double wave that runs from headlamps to taillamps.