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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.
Volvo V60 Plug-in Diesel Hybrid: Geneva 2011 catch-up
Fri, 04 Mar 2011Volvo V60 Diesel Plug-in Hybrid Geneva We’re probably going to be playing catch-up for the next few days on stuff we didn’t manage to cover on the press days at Geneva. And this – the Volvo V60 Diesel Plug-in Hybrid – is one that should definitely have made it in to our coverage earlier. We’re not big fans of the hybrid route – especially in small cars – but when it’s used to produce a car that is more economical and more powerful, we start to get it.
22nd-annual Detroit car show
Tue, 09 Jun 2009Forget the economy. The focus of the 22nd-annual EyesOn Design show over Father’s Day weekend will be what first attracts many to car lust: alluring design. The show is expected to have 236 cars and about 25 motorcycles, including vintage racers, 1950s and ’60s convertibles and of course, muscle cars.