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Ford to launch 25 new models in Europe in next 5 years

The new Ford S-mAx (pictured) is just one of 25 new Fords heading for Europe Ford of Europe has had a miserable time of late, with the European market in disarray as the Eurozone crisis continues to rumble and car buyers on the continent shy away from big ticket purchases. But, just as they did in the US, Ford are making plans to cash-in when the Eurozone economy improves in the coming years (not that that’s an absolute given) and are going to ready with a raft of new models to tempt mainstream buyers when economies start to grow and car finance becomes a realistic option for more once again. Barb Samardzich, Ford’s head of product development in Europe, says Ford are planning to make their portfolio of products the best ever in anticipation of a recovery, with a huge 25 new models launching over the next five years, and they will be additions to the Ford line-up or new generations, not variants.

Has the McLaren P1 lapped the Nurburgring in a record 6 minutes 47 seconds?

Has the McLaren P1 lapped the Nurburgring in a record 6 minutes 47 seconds? We knew McLaren were back at the Nurburgring with the P1 in an attempt to make good on Ron Dennis’s promise that the P1 would lap the ‘Ring in under 7 minutes. It appears McLaren has already tried to set a sub-7 minute time with the P1 but could only manage 7:04s so, with the firts P1s now in customer hands – and full performance specs revealed – the final piece of the jigsaw (apart form a Top Gear lap record) is to set a great time at the Nurburgring.

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.