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Koenigsegg signs deal to buy all of Saab

By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.

Renault says Saturn supply deal ‘just didn't add up'

In the eleventh hour of Roger Penske's venture to acquire Saturn from General Motors Co. to keep the brand alive, Renault's executive committee in France concluded, “Ca fait deux.” Rough translation: “It's not going to come together.” Despite Penske's statements that his organization had been in discussions with automakers around the world, ultimately his hopes had been pinned on only one: Renault SA. Penske and Renault CEO Carlos Ghosn are friends and talk frequently.

Subaru Cross Sport Design and Viziv Evolution concepts at the Tokyo Motor Show 2013

Subaru showed two other concepts alongside the Levorg at the Tokyo Motor Show – both of which are interesting, neither of which came with very much information. The Subaru Viziv Evolution proposes a three-motor hybrid all-wheel drive system, similar to that under development by Honda, while the Subaru Cross Sport Design concept appears to be nothing less than a shooting brake estate version of the BRZ. Who says Audi is king of the hot estates?Please click the picture above to read more about the Subaru Cross Sport Design and Viziv Evolution concepts at the Tokyo Motor Show 2013