Street Diaries

In order to close the deal to purchase Saab from General Motors, it was announced late yesterday that Koenigsegg was guaranteed $610 Million from the European Investment Bank that the automaker requested.

Lancia and Chrysler, both owned by Fiat-Chrysler, will now share all future models between the two brands, starting with the upcoming Chrysler 300-based flagship which will be re-badged to replace the recently discontinued Lancia Thesis.

Three wheeled vehicles have always been the red headed stepchild that the rest of the automotive family ignores as much as possible.  They have always been reserved as more more niche markets or being showcased at car shows.  However, it looks like they are looking to take a step forward.

Yesterday we announced that Penske Automotive Group would be sealing the deal to purchase the popular Saturn brand away from General Motors.  It appears now that although Penske tried very hard, they were not able to get preparations made to keep Saturn on the market.