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Honda expands recall on airbag inflator

Honda has expanded a previously announced recall for airbag problems of certain 2001 through 2003 model year Honda and Acura vehicles. The recall now includes vehicles that may have had the original driver's airbag module replaced with a service part. The replacement airbag inflators could deploy with too much pressure, causing the airbag to rip, resulting in injury or death, according to Honda.

Electric-car guru Tom Gage steps down from AC Propulsion

Electric-car innovator Tom Gage resigned the morning of Oct. 5 from California company AC Propulsion, Autoweek has learned. Gage, the now-former CEO, joined the company in 1996, several years after its founding, and has become its public face and a widely used resource on electric cars.

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.