06 Toyota Avalon Dash Radio Climate Information Display Center on 2040-parts.com

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.

Arizona auctions: Plenty of bidders are willing to buy

Friday's auction results from the four major auction houses continue on a strong streak, with sales reports topping even optimistic pre-event estimates. RM Auctions completed its second and final day of sales in Phoenix, posting results totaling an estimated $30.6 million, a record-high amount for this event. The Canadian-based company also garnered the most talked about sale of the day, a 1955 Mercedes-Benz 300SL steel-bodied "Gullwing" that sold for $1.375 million.

Spyker B6 Venator Spyder Concept at Pebble Beach 2013

You might know Spyker for trying to rescue Saab a few years back, but the independent Dutch brand actually has a history stretching back well before the now defunct Swedish brand started. Spyker was born in 1880 as a carriage builder and repairer and built its first car in 1898. Its latest is the 2013 B6 Venator Spyder Concept unveiled at the Pebble Beach Concours.