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GM and Koenigsegg agree Saab sale

By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.

Jaguar Land Rover made £1 billion last year

The 2012 Jaguar XF & 2012 Range Rover Evoque - JLR's latest models Who’d have believed it just a year or two ago? Jaguar Land Rover has reported a turnover for the year to the end of March 2011 of £9.9 billion and has made a profit (after tax) of £1.04 billion – almost £3 million a day. From proffering the begging bowl in the direction of a short-sighted Labour government in 2009 – and getting nothing without untenable conditions attached - and making plans to close one of its three UK plants, JLR’s renaissance has been astonishing.

Majestic Bentley to be auctioned for charity

A SUPREMELY elegant 1987 Bentley 8 is to be auctioned for charity as part of a sale including more than 150 cars. The majestic Bentley will take its place amongst the myriad other fine classic cars at the Historics at Brooklands auction in Surrey on Saturday, June 7, following the sad news of the death of the car’s current owner’s sister. Significantly, this much-loved and well-travelled Bentley – presented in fine condition inside and out – is offered at no reserve, with all proceeds from the sale donated to charity at the request of the vendor, plus Historics’ sellers and buyers’ commissions.