1980-1988 Amc Inner Tie-rod End 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.

Car Design of the Year winners awarded at Car Design Night Geneva 2013

The winners of the 2012 Car Design of the Year Awards, as voted for by Car Design News readers, were announced at the annual Car Design Night at By Pass nightclub on the evening of the first Geneva motor show press day. Over 350 car designers were in attendance to catch up with their colleagues and meet new peers at the first European show of the year. Car Design News' editor, Owen Ready, presented the winners of the annual Car Design of the Year Awards.

Whos Where: Peter Schreyer to head Kia Design

In what's regarded as a major boost for Korean car maker Kia, it has been confirmed that Peter Schreyer will be moving from Volkswagen AG to lead Kia's global design operation. Schreyer will oversee the design activities of the company's regional design centers in Frankfurt, Los Angeles and Tokyo as well as the Namyang Design Center in Korea. While Schreyer's move to Kia comes across as a big surprise for many within automotive design circles, his departure from Volkswagen doesn't.