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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.
Rolls Roye Wraith – final tease ahead of Geneva debut
Tue, 26 Feb 2013Rolls Royce has revealed the final tease photo of the new Wraith – the RR Ghost Coupe – ahead of its debut at the 2013 Geneva Motor Show. It started out with the reveal of the return of the Wraith name – and an ethereal image of the Spirit of Ecstasy - in the middle of January, followed by a shadowy tease photo a week later of the Wraith and finally a couple of detail photos of the interior. Now, for the final tease of the Wraith ahead of its Geneva debut, Rolls Royce seem to have gone back to the beginning, with a tease photo of the Wraith that’s just a series of a few lines.
Peugeot RCZ R to debut at 2013 Goodwood Festival of Speed
Mon, 10 Jun 2013The Peugeot RCZ R is the hottest version yet of the RCZ coupe and will make its world debut at the 2013 Goodwood Festival of Speed. The Audi TTS-rivalling RCZ R will be seen in both the static display and in high-speed action on the Goodwood hillclimb, ahead of UK deliveries kicking off in early 2014. What modifications turn a Peugeot RCZ into an RCZ R?