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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.

Lewis Hamilton charged by the Australian ‘elf ‘n’ safety Police

Lewis Hamilton gets nicked - for acting like a racing driver There are times when our Antipodean cousins would love to deny that they are of the same stock as we. But the ‘Nanny-State’ culture that has enveloped Australia in the last decade mirrors our own. There seem to be rules covering every aspect of life, from what to do with your rubbish to how to cross the road.

Nissan LEAF EV: Euro sales start – UK in September

The Nissan Leaf goes on sale in the UK in September We recently reported that the Nissan Leaf has exceeded all expectations after going on sale in Japan and the US, managing to acquire 19,000 orders in the briefest of time – twice the planned annual rate of production. We half expected that news – great though it is for Nissan – to delay the launch of the Nissan Leaf in Europe. After all, if you’ve already taken orders for twice as many cars as you can produce in the first year you’d think you’d get production ramped up before you start taking more orders.