K Source/fit System 90188 Door Mirror Glass on 2040-parts.com

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.

One Lap of the Web: Loewy, Knieval and an evil Capri

-- If you've been on Google today, you may have noticed the tribute to famed industrial designer Raymond Loewy who penned, among countless other icons, the Studebaker Avanti. Loewy was born on November 5, 1893 -- read more about his life and designs here, and about his Studebaker Avanti here. -- Courtesy of an English auto body shop, this series of photos is a must-see for anyone contemplating the purchase of an old car.

Volvo's Mean Green semi breaks records in Utah

The Volvo hybrid truck, a.k.a. Mean Green, achieved two world speed records at Wendover Airfield in Utah, one for the standing kilometer and one for the flying kilometer. It didn't hit its planned top velocity of 165 mph, but 147 mph is still a respectable speed for a truck originally meant for hauling trailers down a highway.