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Alfa Romeo to drop MiTo & Giulietta & go RWD
Sat, 20 Jul 2013The Alfa 4C (pictured) is the first part of Alfa’s plans to make proper drivers cars The argument has always been made that you’re not a real petrolhead unless you’ve owned an Alfa. But really, it’s quite some time since Alfa made proper petrolhead cars. In recent years Alfa’s focus has been on competing in the mainstream hatch market, with cars like the MiTo and Giulietta, and credible though those cars are, they’re more Fiat than Alfa.
Driven: Chevrolet Volt
Tue, 21 Sep 2010Meeting the Chevrolet Volt could easily have been an anti-climax. This is a design that ‘feels' nearly four years old — the concept first seen in Detroit in 2007. Together with the online hype surrounding it, and the part it plays in GM's renaissance, the weight of expectation is alarmingly high.
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.