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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.

Saab 9-5 Sportwagon (2011) prices and revised 9-5 range

Saab has seemingly rushed through a series of upgrades to the 9-5 range just 11 months after going on sale. The UK launch was marred by indifferent reviews in many quarters and the company hopes the latest revisions will give the new 9-5 more of an edge. Saab also today announced UK pricing for its new 9-5 Sportwagon estate, and a range of revisions for the 9-5 saloons, including revised suspension tuning and more efficient engines.

Bentley Continental GT3 Road Car? Probably not

Despite reports to the contrary, it seems highly unlikely that Bentley will produce a road going version of the Continental GT3. The Continental GT3 is just a concept at the moment - although it will become a proper track car – but it has already had Autocar gazing in to its crystal ball to suggest that Bentley will be building a GT3 for the road, with a 700bhp W12 and 4WD, and will sell it in limited numbers. But that doesn’t add up to us.