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Modeling for Meadow Brook: Cars, and dresses, on display at concours preview

Cars weren't the only models on display during a preview for the Concours D'Elegance of America at Meadow Brook. Wearing dresses by designer Bob Mackie, three female models also posed for the cameras. Mackie, who is known for dressing a number of celebrities, including Cher, originally designed the dresses to be worn in the 1983 North American International Auto Show.

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.

Hyundai i-Flow Concept at Geneva

The Hyundai i-Flow Concept will show at Geneva Hyundai – as we never tire of saying – is the new Toyota (which is a big compliment – despite the current Toyota Recall woes). It’s having the same impact on car markets worldwide as the Japanese car revolution of a few decades ago. Hyundai – and its sibling Kia – are making more and more convincing cars at relatively bargain prices and pushing both design and quality further upmarket all the time.