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U.S. equity firm to invest $70 million in Saab
Thu, 20 Oct 2011Race-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.
Land Rover Discovery range to grow with new models
Wed, 05 Mar 2014The Land Rover Discovery name is to be used on a new family of vehicles in a similar way to the Range Rover model range, the firm revealed at the Geneva Motor Show 2014. Currently used on the recently updated 2014 Discovery, the name will become a brand in 2015 as Land Rover broadens the range by introducing all-new model lines. GENEVA MOTOR SHOW 2014 LIVE BLOG Group marketing director Phil Popham revealed to MSN that these cars will be focused on versatility and practicality.
Hyundai ix35 – UK details
Mon, 07 Sep 2009The Hyundai ix35 will launch at the Frankfurt Motor Show But now we have more Euro details from Hyundai on the ix35 which will officially launch at the Frankfurt Motor Show next week. The new ix35 is longer and wider than the outgoing Tucson but is actually 20mm lower, although headroom is unaffected. As we already know, the ix35 is a pretty close call for the ix-onic concept we saw at Geneva, and features Hyundai’s new hexagonal grill.