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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.

UK number plates under threat from EU

A proposal to introduced a standardised European number plate had been revealed. If such a scheme were to go into law it would mean the end of the UK number plate as we currently know it. On Bing: see pictures of UK number plates The best and worst car number plates in the world Inserted into a wider bill designed to make it easier to register cars in different EU countries, the standardised number plate plan is the work of a Dutch Member of the European Parliament (MEP), according to the Daily Mail.

Toyota FT-CH at Detroit motor show 2010

Toyota showed off the new FT-CH at the Detroit auto show today - and confirmed a whole family of Prius extensions. The edgily styled FT-CH is set to be one of those new Prius models. The Yaris-sized concept was designed in ED2, Toyota's Euro design base in Nice, France.