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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.

VW designer de'Silva pens a Leica camera

Leica, the German camera maker, introduced the Walter de'Silva-designed Leica M9 Titanium edition camera recently at Photokina, the biannual photo gathering in Germany. De'Silva, head of design for Volkswagen and responsible for designing the Audi A5 and Volkswagen Scirocco, took Leica's original M9 camera and created the M9 Titanium. De'Silva employed his Audi design team to assist in the project.

McLaren F1: Ron Dennis considered building more orginal F1s to rake in cash

McLaren F1 - Ron Dennis mulled producing more cars McLaren boss Ron Dennis has confessed he considered cashing in on the current price of the original McLaren F1 by building more. The price of an original McLaren F1 is nothing short of stratospheric. Prices of £3 million, £4 million and more have been paid for one of the 64 F1 cars McLaren made in the 1990s.