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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.
2013 Ford Mondeo: Price cuts & new models
Thu, 11 Apr 2013That means a simplified lineup for the new Mondeo and the introduction of a cheaper entry-level model – the Mondeo Graphite – and a new model at the top end – the Titanium X Business Edition – with more equipment and a lower price. The Mondeo Graphite comes with 17″ alloys, sports suspension, Bluetooth, AirCon and part leather and starts at £15,995 – more than £2k cheaper than the former entry-level Mondeo Edge. At the other end of the scale, Ford are introducing the Titanium X Business Edition which replaces both the Titanium and Titanium X, gets more equipment than the Titanium X and yet costs £1500 less.
NHTSA unveils new safety ratings; BMW and Hyundai first to get five stars
Tue, 05 Oct 2010The 2011 BMW 5-series and the Hyundai Sonata were the first two cars to achieve five-star ratings under NHTSA's revised safety ratings announced on Tuesday. The National Highway Traffic Safety Administration will rate a total of 24 cars, 20 SUVs, nine pickups and two vans for the 2011 model year. The federal agency has significantly modified its rating process and will now grade side-pole testing and crash-prevention technologies such as lane-departure warning and electronic stability control.



