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Saab bidding closed, buyer announced soon

We should know the buyer of Saab soon The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation - there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was in the throes of turmoil. Saab’s administrator, Hans Bergqvist, has revealed that the bidding process is now closed and that he will be talking to Saab stakeholders to discuss the bids and confirm which of the number of bidders is successful.

Indiana yanks Kruse auction licenses

Kruse Inc., the auction company that sold the famous William Harrah car collection and has been synonymous with auctioning enthusiast automobiles since the 1970s, has lost its licenses in its home state. The Indiana Auctioneer Commission ruled on Tuesday to revoke both of Kruse Inc.'s licenses, and the company has to wait seven years to apply for new ones, said Kelly Butters, a spokeswoman for the Indiana Attorney General's Office. Dean Kruse, president of the auction house, has had his personal license suspended indefinitely.

Lee Noble announces his new supercar project

The spirit of the original Noble M12 will be revived by the new Fenix Automotive supercar from Lee Noble By Tim Pollard Motor Industry 19 November 2009 01:00 Brit supercar visionary Lee Noble today has announced his new supercar project. His latest venture is called Fenix Automotive Limited – and it'll launch a new sub-£75,000 V8 supercar by this time next year, it was revealed today.The new Fenix-designed sports car will be a lightweight, mid-engined V8 that'll carry on where the original Noble M12 and M400 left off. Although the new supercar hasn't been named yet, Noble promises it'll be an ideal track-day tool capable of ripping to 100mph in less than seven seconds or pootling around on a weekend road trip.Hang on.