Mercury Racing Twin Engine Throttle Shifter Kiekhaefer Marine on 2040-parts.com

Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.

Mitsubishi Lancer Evo X FQ-440 MR (2014) first official picture

By Ollie Kew First Official Pictures 26 March 2014 16:00 Mitsubishi is unleashing a comeback-special Evo X to celebrate the company’s 40th Anniversary in the UK. The FQ-440 MR is the most powerful Evo ever sold by Mitsubishi, thanks to a storming 440bhp output from its 2.0-litre turbocharged four-cylinder engine. Mitsubishi claims this ultimate Evo X develops a maximum of 412lb ft at 3100rpm: 25lb ft more than the previous top-dog Evo X achieved.

Ford to sell two concepts at auction

Amongst the numerous one-off concept cars and rare historic vehicles set to be auctioned off at the forthcoming RM Auctions sale in Monterey, California, Ford has contributed two of its own unique concept cars to be sold. All proceeds of the sale will go to the Juvenile Diabetes Research Foundation (JDRF) charity. The race-inspired 2005 Ford Shelby GR-1 concept and the 2001 Thunderbird Sports Roadster concept will be presented by the world's largest collector car auction house on August 19th in California as part of its Monterey sale. It is believed that the 2001 Shelby will sell for between $150,000 and $200,000 while the 2001 Thunderbird concept will fetch between $125,000–$175,000. There will be no reserve on the cars.