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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.

Lexus IS (2013) first official pictures

These are the first official pictures of the all-new 2013 Lexus IS. Challenging the likes of the BMW 3-series, Mercedes C-class and Audi A4, the new IS has gone under the knife and the new iteration has a more athletic and vigorous-looking design, judging by these photos.   Sporting an updated, pleasingly chiselled front end, the new IS takes inspiration from the LF-CC concept shown at 2012’s Paris motor show. The new IS features the new 'spindle' front grille which adorns all new Lexus models, decorated with a new headlamp cluster design and the trademark L-shaped daytime running lights set independently below.

Rains Wash Out Pacific Coast Highway

California's scenic Highway 1 is closed down for at least a month after a landslide washed out a 40-foot section of the famous road just north of Big Sur. The closure is in effect from 12 miles north of Big Sur State Park at the Bixby Creek Bridge to 10 miles miles south of the Carmel River Bridge "due to a slip-out," according to the California Dept. of Transportation.