Gemo Parking Brake Cable 610 54026 285 Brake Cable 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.

40 Years of Mmmm

In 1972, the Dow Jones closed above 1,000 for the first time, the Olympic Games in Munich were marred by the killings of 11 Israeli athletes, gasoline averaged 55 cents a gallon, Bobby Fischer became the world chess champion and the last U.S. troops withdrew from Vietnam. It was also a notable year for German automaker BMW, as that year saw the birth of its famed M division.

Cost of driving theory test to drop by 25%

Mercedes-Benz The government has announced that the cost of the driving theory test is to be cut by 25%, saving learner drivers in excess of £100 million over the next nine years. How much does the driving theory test cost? Under the new plans the cost of a car theory driving test will drop from £31 to £25 in October 2014, with a further drop of £2 more planned in October 2015.