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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.

BMW M6 Gran Coupe – undisguised

We have a shot of the new BMW M6 Grand Coupe taken at a private launch event in Germany ahead of a debut at the 2013 Detroit Auto Show. You may ask, quite reasonably  what’s the point of the BMW M6 Gran Coupe? After all, there’s a proper coupe in the regular BMW M6, and if you want four doors then the choice must be the BMW M5.

2011 BMW 6-Series Convertible debuts

The 2011 BMW 6 Series Convertible - on sale March 2011 Perhaps BMW wants to grab a slice of the top-end convertible action next Spring, or maybe they just fancied turning normal model launch convention on its head by launching the soft-top first. But whatever BMW’s reasoning the fact is that we will get the 2011 BMW 6-Series Convertible in March, probably six months before the 6-Series Coupe arrives. The 2011 6-Series Convertible is, you won’t be shocked to learn, exactly what we’ve been expecting for quite some time (we even brought you the first photo of the 2011 BMW 6-Series Convertible last month) and is a topless take on the new BMW 6 Series Coupe we saw at Frankfurt back in September.