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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.

New Ford Kuga: Titanium and Titanium X make up 87% of sales

The new Ford Kuga is now hitting UK showrooms, and Ford has revealed that 87% of buyers are opting for the range-topping Titanium and Titanium X models. But what’s most interesting – in what is supposed to be a cash-strapped economy – is that a full 87 per cent of all the new Kugas ordered so far have been the range-topping Titanium and Titanium X models, and the average up-spend on options is another £1,000 on top of that. That means that although the Ford Kuga range starts at £21,000, 87 per cent of buyers are actually spending between £25-30k on their new compact SUV, which must warm the cockles of Ford’s heart.

Diesel Jaguar XF sets off on U.S. mileage-test road trip

There's a diesel-powered Jaguar XF on U.S. pavement, but good luck catching a glimpse of it. The 2.2-liter, four-cylinder diesel XF set off on Nov.