Mustang 1996-2004 Sequential Tail Lights, Tinted on 2040-parts.com

Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

Ferrari releases teaser image of Enzo successor

Update: Ferrari has released a new image of the Enzo successor's rear, which we've attached above. Of the 288 GT0, F40, F50, Enzo and its upcoming successor, Ferrari Technical Director Roberto Fedeli says, “Let's refer to them as our 'specials.' " That works for us. In a day and age when a Porsche Boxster S delivers performance on a par with yesterday's supercars, that particular appellation seems to have lost much in the way of meaning.

Volvo S60 L plug-in petrol hybrid heading for Beijing Motor Show

The Volvo S60L Plug-in (pictured) heading for Beijing The Volvo V60 Plug-in is already doing good business for Volvo – despite a price tag of £50k – but the V60 plug-in is a diesel hybrid which doesn’t suit all markets. So Volvo are ploughing ahead with a petrol engine based plug-in hybrid with the debut at the Beijing Motor Show next week of the Volvo S60 L Plug-in, a petrol hybrid version of the long wheelbase S60. At first glance the S60 Plug-in looks just like its regular ICE sibling, but under the skin sits a 2.0 litre Drive-E petrol engine with 238bhp and 258lb/ft of torque – which drives the front wheels – and a 68bhp electric motor with 147lb/ft of torque that can drive the rear wheels, which can be recharged in 4.5 hours.