Bosch 03407 Distributor Cap 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.

Renault spy scandal: Former COO 'had to leave'

Patrick Pelata fell on his sword to save his boss and friend -- and maybe his company. Pelata, often called one of the industry's best product strategists, was part of a small team of executives Carlos Ghosn brought to Nissan Motor Co. in 1999 after Renault bought a controlling stake in the Japanese company.

Chevy Spark Confirmed – the Yanks learn little cars!

All the grief surrounding the big three US makers (less so Ford) revolves around the lack of cars they make that can compete in the world in which we live. No longer, it would seem, are US car buyers prepared to put up with gas-guzzling, low-quality cars. The rise of the Japanese car in the US (Toyota is now the biggest selling car) has put the writing on the wall for years.