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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.

Mercedes A45 AMG – with Lewis Hamilton & Nico Rosberg (video)

That lump is a 2.0 litre turbo 4-cylinder that produces a not insignificant 355bhp and 332lb/ft of torque, which is enough to get the pocket rocket A45 to 62mph in a competition busting 4.6 seconds. And with the A45 AMG heading towards Mercedes showrooms soon, MB are bust promoting their new hot hatch, and what better way to do that than rope in your own highly paid F1 drivers to add a bit of performance gloss? So Mercedes has put Lewis Hamilton behind the wheel of an A45, Nico Rosberg in the passenger seat and a ‘Good Fairy’ in the road to sort out arguments about who should get to drive.

2009 Ford KA – Verdict

Cars UK [rating:4.0] Ford KA - The Verdict The original Ford KA was a hard act to follow – despite its age and the fact it was based on an even more ancient Fiesta underpinnings – and conspired to look fresh and contemporary right to the end. But the new Ford KA manages to cohesively bring together all the charm and style of the original in a modern and well thought out package. If we were running round a City on an everyday basis we would have to look hard to find anything better as an everyday drive.