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Fiesta becomes UK's all-time best seller

THE FORD FIESTA has become Britain's all-time top selling car. Ford said Fiesta sales had now topped 4,115,000, taking the model past the previous record holder, the Ford Escort . First launched in 1976, and initially made at Dagenham in Essex, the Fiesta has led the small-car sector in the UK for 27 of the 37 years and has been Britain's annual best-selling car since 2009 when it overtook the Ford Focus.

2012 Toyota Yaris: The UK stuff

The 2012 Toyota Yaris - the UK details We’ve been trailing the 2012 Toyota Yaris since the end of last year when Toyota in Japan unveiled the JDM Toyota Viz ( the Japanese version of the Yaris) and again a month ago with the unofficial Euro details. But now Toyota UK has decided – especially as the 2012 Yaris is starting to roll off production lines in Europe from today – that they may as well make the new Yaris official, give us some details and let us know exactly how much a new Yaris will now cost. The Yaris will come in four flavours of trim – T2, TR, SR and Spirit – although Toyota say that a full two thirds of sales are of the TR trim.

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.