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Kia Magentis (2011): the first styling sketch

The new 2011 Kia Magentis design sketch By Tim Pollard First Official Pictures 22 February 2010 11:51 This is our first look at the new 2011 Kia Magentis – a solitary design sketch showing what next year's new family car will look like.The new Magentis will be shown for the first time at the New York auto show on 2 April 2010 and Kia says it is longer, lower and wider than its predecessor. 'The new Magentis features a significantly longer wheelbase and will offer considerably more space for both people and luggage,' says the company.That, however, is the sum of the detail confirmed by Kia on its new family car.When can I buy the new Kia Magentis?Not many people will in the UK – they only sold 333 here last year. But should you want to, the new Magentis goes on sale in spring 2011 in Europe, six months after its US launch.

Cadillac introduces ATS Crimson Sport Edition

The already sleek Cadillac ATS will get a limited-production Crimson Sport special edition this spring. The deep red exterior metallic paint is just one of the upgrades to the standard ATS. Inside the Caddy, four unique interior options will be available: red with black accents, caramel with black accents, black on black and platinum with black accents.

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.