Nissan Days 2013 Injector [8020240] on 2040-parts.com

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.

Desperately seeking Toyota Carina E

It’s 20 years next month since Toyota opened its Burnaston Plant in the UK, and they’re desperately seeking the earliest Carina E built in 1992. Twenty years ago next month, in December 1992, Toyota started producing cars in the UK in a new plant at Burnaston in Derbyshire. And with such a milestone looming, Toyota are keen to celebrate.

Are GM planning to shut Vauxhall for good?

Could General Motors (GM) be planning to close Vauxhall down for good as they seek an answer to huge losses in Europe. General Motors has had its share of problems in the last few years, not least the bailout needed to save it from bankruptcy in the US. That US bailout has seen GM return to profit in the US, but GM Europe continues to be a big hole in its accounts as the European car market continues to struggle with over capacity and a lack of buyers for traditional mainstream cars.