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2012 BMW M5 Touring? No, it’s the Alpina B5 BiTurbo Touring

The Alpina B5 BiTurbo Touring We haven’t even had the 2012 BMW M5 launch yet, never mind thinking about the Touring. Although it would seem that BMW has no intention of making a touring version of the 2012 M5. Not that BMW are exactly reliable when it comes to M-Car denials.

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 production hits million mark

A MILLION CARS have been produced so far this year in the UK, helped by a highly successful month in September. But manufacturing of commercial vehicles (CV) slumped more than 27%. A total of 140,888 cars were built in the UK in September 2013 - 9.9% more than in September last year, the Society of Motor Manufacturers and Traders (SMMT) said.