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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.

CPP to buy Browns Lane

CPP are off to Browns Lane - where every E-Type Jaguar was built As regular readers will know, we’re big fans of CPP and are always happy to big them up at the drop of a hat, even before they acquired Vladimir Antonov’s money and set forth on a mission to buy up the world’s niche car makers. So with solid funding from ‘Vlad the Investor’, CPP are on a fast road to being a sizeable force in world car manufacture; not in the volume sense, but certainly in the impact their products are making. Despite pointing out to us that they haven’t actually bought Zagato (technically correct) Zagato is now very much part of the CPP portfolio, as is extreme off-roader Bowler – a more recent acquisition – both solid names to exploit in a high-end car maker future Nirvana.

A first look at the Audi TT RS plus

Audi is taking aim at the new Porsche Boxster and its yet-to-be-revealed sister model, the upcoming second-generation Cayman, with a spectacular 174-mph version of the TT RS, pictured here officially for the first time. Called the TT RS plus, the powered-up coupe and roadster pairing is set to join what is shaping up as a formidable display of new Audi models--including the third-generation A3 and the RS4 Avant--at the Geneva motor show in early March. The centerpiece of the new range-topping TT is a tuned version of Audi's turbocharged 2.5-liter, five-cylinder direct-injection gasoline engine as used by the go-fast TT RS, the RS3 Sportback and the limited-production A1 quattro.