Suzuki Outboard Jet Bowl / Volute Model T on 2040-parts.com

Arizona auctions: Early days filled with optimism

The sun kept shining--both as a metaphor and in reality--while the cars were selling at the Arizona auctions. As of late Thursday, Barrett-Jackson had completed three of its six days of sales. Preliminary numbers assembled by on-site reporters indicate total sales of $20.2 million at the halfway mark, with 100 percent of the 656 cars on offer sold.

Skoda trio voted 'best in Britain'

BRITISH drivers are happier with their cars than ever before, especially if they own a Skoda. According to new figures collected by Auto Express magazine's annual Driver Power survey, the average satisfaction rating for a car in the top 100 was a huge 88.36%, which equates to a 7% rise since the survey’s launch in 2002. Steve Fowler, editor-in-chief of Auto Express, said: “The UK car market is booming at the moment with over two years of consecutive growth and new car registrations up 3%, and it is no surprise given the Driver Power results.

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.