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Koenigsegg signs deal to buy all of Saab

By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.

Toyota chief: Scion in no danger of shutdown

Despite three years of lackluster sales, Toyota's Scion youth brand is not in danger of being shut down, Toyota Motor President Akio Toyoda said. “There is no concern, no danger for Scion in the future,” Toyoda said in a roundtable interview with journalists at the Detroit auto show on Monday. Scion's U.S.

Legendary photographer Jim Marshall to receive Trustees Award

We're big Jim Marshall fans around here. We've loved his music photography for years. Looking for reasons to run his art, we hired Marshall to shoot behind the scenes at the 2005 Indy 500 (Salute to Tradition, June, 20, 2005), and we had him shoot the Nissan GT-R's creation in 2007 (Bringing a Star to Life, 12/24/2007).