Ford Maf Conversion Kit on 2040-parts.com

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.

GM's Tom Peters on breaking Corvette design tradition [w/Video]

GM design director of performance vehicles and full-size trucks Tom Peters has defended his decision to break from Corvette tradition by abandoning round rear lamps for the 2014 Stingray in an Autoweek video. The rear lamp design of the new model has been criticized as being "too Camaro" by some, to which Peters challenges them to park one alongside the other before he highlights just how different they are. Functionality also played a key role in the rear lamps' redesign, he explains, such as rear aerodynamic considerations, new LED technology previously unused in Corvette design, and depth of sculpture opportunities.

Design Museum's Designs of the Year Awards 2012

The Design Museum opened its ‘Designs of the Year' exhibition yesterday in a celebration of global design innovation at its home in Shad Thames, London. Designs from across the world within seven categories – Transport, Architecture, Digital, Fashion, Furniture, Graphics and Product – have been nominated by industry experts, with the nominations now on show at the Design Museum. The first of the transportation nominations is the Autolib, a Parisian electric car commissioned by Paris' Mayor, Bertrand Delanoë.