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Bartlett, Illinois, United States
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GM agrees to sell Saab to supercar company Koenigsegg
Tue, 16 Jun 2009General 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.
Hyundai ponders second U.S. plant
Mon, 17 Jan 2011As a lack of production capacity restrains its growth, Hyundai will consider a second U.S. assembly plant. "That's something that we're going to look at," Hyundai Motor America CEO John Krafcik said last week at the Detroit auto show.
BMW 5-series Touring (2010) first official pictures
Sat, 13 Mar 2010This is the fourth-generation BMW 5-series Touring, and it’s the third and final model to join the German car company’s Five range after the saloon and 5 GT. Yes, and if you happen to cart water around for a living the increase of 60 litres to 560 litres might mean something to you. To the rest of us, it means harassed mothers and fathers will now be able to carry just a bit more of whatever clobber their lovely children need.
