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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.

2013 Audi A4 Allroad quattro a familiar trailblazer

It's no secret we love our high-riding SUVs and crossovers in the United States, but cars still outsell utilities by a 2-to-1 margin. For automakers, that's a clue that there is significant sales potential to buyers who pine for an off-road vehicle but secretly desire a sportier, more carlike cruiser for the highway. For Audi, the answer is the A4 Allroad.

£110BN price tag put on Deadly accidents by Road Safety Body

A NEW report commissioned by a parliamentary safety group claims that deaths and serious injuries on the roads are likely to cost society £110 billion in the years to 2030. According to the Parliamentary Advisory Committee for Transport Safety (Pacts), the total of those killed or seriously injured (KSIs) over this period is expected to be around a third of a million. These figures are expected despite the report predicting a dip in KSIs and slight injuries by 2030 compared with figures for 2012.