03-04 Cobra Throttle Body on 2040-parts.com

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.

Bentley Continental SuperSports Spotted

The Bentley Continental Supersports caught out testing before its UK launch next year [ad#ad-1] Bentley introduced us the the ‘Green’ Bentley Continental Supersports at the Geneva Motor Show in February, and they are now out shaking the car down in Europe – our snappers caught the Supersports out on the road near the Nurburgring. Clearly identifiable as a Supersports from the bonnet vents and the huge air scoops at the front, this 621bhp monster is due to go on sale in the UK in the New Year. Bentley engineers have increased the output of the Supersports to a really massive 621bhp by fettling the new Bentley to run on Bioethanol E85 and the modification of the injectors and valves, allowing the same performance whether the car is run on E85 or regular petrol.

Fisker about to be bought by Volvo’s Chinese owner Geely?

It’s reported that China’s Geely – which bought Volvo from Ford – is about to take a majority stake in Fisker Automotive. But Fisker has run in to big problems when its battery supplier - A123 Systems – went bust leading to Fisker production grinding to a halt. That has now been resolved with China’s Wanxiang Group buying up A123 Systems and it looks like Fisker is heading East too with Geely set to grab a majority shareholding.