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Saab's future could be bright

Saab is planning a return to its old-brand values with an extended model range as it prepares for a new, independent future owned by a joint U.S.-Scandinavian investment team. Swedish supercar maker Koenigsegg grabbed headlines as the buyer from General Motors, but Koenigsegg is just one of at least three major investors. The others are West Coast entrepreneur Mark Bishop and Norwegian holding company Eker Group.

Congress scales back tax break for car buyers

A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.

Volvo S60 Concept car (2008): first official photos

By Simon Stiel First Official Pictures 24 November 2008 11:41 Volvo today releases the first exterior photograph of its new S60 Concept car that will appear at the Detroit motor show in January 2009 – ahead of a showroom launch in 2010. Last month, teaser photographs revealed the interior of the S60 concept car, but now we’ve got a glimpse of its exterior lurking in the shadows. Some have criticised the S60 for looking too similar to the S80 and other Volvos and this new model is designed to address that. Volvo is seeking a racier image and, we hear, is setting its sights on the Audi A4 and BMW 3-series (a task its predecessor never cracked).