01 Elantra Wiper Arm 250240 on 2040-parts.com

Pagani supercars

By Tim Pollard 29 July 2008 09:00 It's a small world, Supercar Valley. Former Lambo man Horacio Pagani upped sticks and set up his own Modenese business, using composites experience garnered on his watch at Sant'Agata to showcase his own effort at the 1999 Geneva motor show. And what an effort it was.

Volkswagen Golf24 (2011): VW's new 'Ring racer

This flame-spitting beast is the Volkswagen Golf24, VW’s new Nurburgring 24hr racer. The Golf24 will race at the ‘Green Hell’ in the legendary endurance event on 25-26 June 2011, but although it’s been built as part of Volkswagen’s celebrations for the 35th anniversary of the GTI, it shares little with the hot hatch that we know and love. All sorts of parts from within the VW Group.

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.