Hyundai i-Flow Concept at Geneva

The Hyundai i-Flow Concept will show at Geneva Hyundai – as we never tire of saying – is the new Toyota (which is a big compliment – despite the current Toyota Recall woes). It’s having the same impact on car markets worldwide as the Japanese car revolution of a few decades ago. Hyundai – and its sibling Kia – are making more and more convincing cars at relatively bargain prices and pushing both design and quality further upmarket all the time.

Time-capsule DeLorean with only 309 miles emerges

We see time-capsule cars on a pretty regular basis, but they seldom happen to be proper time-travel cars as well. Of course we're talking about the DeLorean DMC-12, an automobile whose several thousand examples were believed to be largely accounted for. So imagine our surprise when we heard about a DeLorean recently found in a storage bay with delivery mileage on the clock and a mild layer of dust on its stainless-steel body.

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.