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GM to sell Saab to Swedish carmaker

GM to sell Saab to Swedish carmaker Koenigsegg Group:

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Saab will be owned by "super-car" maker Koenigsegg under a deal. Its vehicles include the CCX, shown in Geneva, which can reach speeds of 240 mph


World's cheapest car
_44346096_tatared_203afp_200Tata Motors has unveiled the world's cheapest motor car at India's biggest car show in the capital, Delhi.

The vehicle, called the Tata Nano, will sell for 100,000 rupees or $2,500 (£1,277) and enable those in developing countries to move to four wheels.

The four-door five-seater car, which goes on sale later this year, has a 33bhp, 624cc, engine at the rear.

It has no air conditioning, no electric windows and no power steering, but two deluxe models will be on offer.