Saab 9-5 News

Beijing Automotive Industry Holding Co., Merbanco Inc. and Renco Group Inc. have made approaches about General Motors Co.

General Motors' deal to sell its Swedish Saab unit has fallen apart, after niche luxury carmaker Koenigsegg, which was due to buy the loss-making business, withdrew from talks, Koenigsegg confirmed on Tuesday.

GM hasn't lost hope that it will find a buyer for Saab following the breakdown of negotiations with Swedish sports car maker Koenigsegg , Reuters reports.

Swedish automobile maker Christian von Koenigsegg poses next to a Saab 9-5 at the Frankfurt Auto Show in this September file photo.

Koenigsegg, a tiny Swedish manufacturer of $1-million exotic sports cars, announced today that it would not buy Saab from General Motors after all.

When General Motors completes the sale of Saab , expected this month, it could mark a new beginning for the struggling Swedish automaker.

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The Tesla Roadster near Pigeon Point Lighthouse in Pescadero, Calif. during a road test.

Ford and Volvo, while still not a match made in heaven, at least gave it a go, sharing platforms and technology.

Infiniti and Saab lead by example There's no doubt the recession has hit world-wide auto sales hard.

Contrasting bumper and fender trim completes the mildly rugged look of the 9-3X. Under the hood is Saab's turbocharged 2.0-liter inline-4, and you'll have a choice of a six-speed manual or six-speed automatic transmission.

More than 65,000 people have applied for about 2,000 jobs at a new Volkswagen plant in Chattanooga, Tenn., according to the Chattanoogan.com. Volkswagen took applications to work at the plant for about three weeks.

Saab Automobile AB dealers in the U.S. are running out of new cars after the Swedish carmaker cut production to conserve cash and prepare for its first new model in seven years.

After announcing its intention to buy the Saab brand from GM back in June, Swedish company Koenigsegg has now signed an agreement to buy the brand, making it mostly a done deal.

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Eighty-one Saab dealers in the U.S. will be rejected by its new owner, Koenigsegg.

Saab plans to show a new concept car that will define the brand's future identity within the next year, but sales of the stylish new 9-5 sport sedan have been delayed by General Motors Co.'s sale of the brand, InsideLine.com reports.

Ltd. and its Swedish partner aim to finalize the purchase of GM's Saab unit by the end of the year, Reuters reported yesterday, citing an executive of the Chinese carmaker.

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TROLLHTTAN, Sweden - Saab is working on a new concept car - believed to be a new small model - that will "define the new Saab," says Director of Global Operations Knut Simonsson.