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.

Audi TT Clubsport Quattro concept car (2007): first official pictures

By Tim Pollard First Official Pictures 16 May 2007 04:20 Audi TT Clubsport Quattro: the full lowdown Inspired by the Porsche 356, Audi has lopped the top off its TT Roadster to make this speedster version of its two-seater. The TT Clubsport Quattro, unveiled today in Austria, is a concept car to show how far the TT brand can be stretched, but officials freely admit that they are considering a limited production run. It's a TT like no other, squashed and squat, flattened to create a low-slung sports car for those living in dry climates where the occasional rain storm isn't a worry.

Chicago Auto Show interactive web tour launches

Interactive media company 360° Revo and the Chicago Automobile Trade Association (CATA) has launched a web-based, interactive tour of the 2012 Chicago Auto Show. Automobile enthusiasts worldwide who could not make it to the show – the press days of which ran from 8-9 February – will be able to tour the exhibitions and even go inside specific vehicles featured at this year's show. This is the first time the CATA, producer of the Chicago Auto Show, and 360° Revo has worked together and with the media company's technology comes the ability for online users to navigate and explore the auto show floor and visit individual exhibits.