Nos 1964 Pontiac Gto/tempest/lemans Clock Package 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.

Car Design of the Year 2009

Last chance to vote for your favorite concept and production design of 2009! While 2009 will most certainly be remembered as a gloom riddled year - with the automotive industry stricken by the economic downturn and a slew of cutbacks - we encourage you to remember the few gems that graced the auto show circuit. So what was your favorite car design from 2009?

Mini Convertible (2009): the new R57 cabrio

By Simon Stiel First Official Pictures 28 November 2008 10:46 Mini has just issued the first photos of the new R57 Mini Convertible, which rolls into dealerships in March 2009 and follows the lead set by the latest hatchback. So it's cleaner, a little bit more polished inside and out, and there will probably be evidence of some middle-aged spread when we drive it in 2009.So what's new on the R57 Mini Convertible?All the changes are in line with the Mini hatch, so you get the latest PSA-shared 1.6 petrol engines, BMW group Efficient Dynamics – now redubbed Minimalism in Minispeak – stop-start and intelligent alternator control, helping to contribute to a 22% jump in fuel efficiency, Mini claims. The 1.6 Cooper pumps out 137g/km of CO2.