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GM and Koenigsegg agree Saab sale

By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.

Mercedes F125 concept (2011) at Frankfurt motor show

Mercedes today unveiled the F125 concept car - a car bearing the three-pointed star's F name to demark it as a tech testbed, and the 125 to mark Merc's 125th anniversary in this four-wheeled business. It's a hydrogen fuel-cell vehicle, and Merc claims a punchy 1000km (620-mile) range. But the scientists here are proud of the cutting edge lithium sulphur batteries, used to store energy created by the fuel-cell.

Mercedes-Benz recalls 85,000 vehicles for possible steering failure

Mercedes-Benz will recall about 85,000 of its 2010 and 2011 vehicles for a potential power-steering failure, the company said on Monday. The models being recalled are the 2010 C-class and E-class sedan, coupe and cabriolet. The potential failure is caused by a loss of power-steering fluid.