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U.S. equity firm to invest $70 million in Saab
Thu, 20 Oct 2011Race-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.
Vauxhall ADAM S gets 148bhp: Geneva Motor Show
Mon, 03 Mar 2014The 148bhp Vauxhall ADAM S debuts at Geneva The Vauxhall ADAM S heading for a debt at Geneva this week may be billed a concept, but it’s a racing certainty it will turn up in a Vauxhall showroom near you before too long. With a 1.4 litre Turbo ECOTEC engine good for 148bhp, the ADAM S promises to be properly lively around town (Vauxhall hasn’t decided how quick it is to 62mph yet) and will reach 137mph if you feel the need. Thankfully, Vauxhall has also endowed the ADAM S with a performance chassis to make the most of the extra performance and tweaked the steering for more feedback.
BMW 6 Series Gran Coupe unveiled: Photos & Video
Sun, 11 Dec 2011BMW 6 Series Gran Coupe revealed BMW reveals the 6 Series Gran Coupe, a 6 Series with extra doors and more room, the Gran Coupe is BMW’s take on the Mercedes CLS. It’s not a surprise that the BMW 6 Series Gran Coupe has arrived, the surprise is that it’s taken so long. Mercedes started the whole swoopy coupe fad with the CLS – which is now in its second iteration – and it seemed an odd niche at the time.