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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.

C'est si bon: Mullin Automotive Museum celebrates the best of the Art Deco era

The French supposedly have a word for everything, but we couldn't muster any in English let alone the remnants of high school language lab upon first entering the new Mullin Automotive Museum in Oxnard, Calif., just west of Los Angeles. All we could do was grin giddily at the sparkling array of Bugattis, Voisins, Delages, Delahayes and other unique examples of French automotive masterpieces from the 1920s and 1930s in an exhibition hall evocative of the salon that housed the 1936 Paris motor show and similar exposition halls of the Art Deco era. The collection is an immersion into the excitement and optimism of Art Deco design, especially in terms of automotive design.

Suzuki Grand Vitara SZ Range extended

Suzuki has extended the Grand Vitara SZ Range with new engines and a minor restyle When the SZ range launched it did so with a 2.4 litre engine. But, in these constrained times, a 2.4 litre engine is not going to be your biggest selling point, particularly in a compact SUV. So Suzuki has announced they have extended the range to include a bit more economy.