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Designer insights: highlights of Auto Design Prague 2014

Prague, the capital of the Czech Republic, might not seem the most obvious choice for an automotive design conference. But when one considers the country's history of innovation in the arts and architecture, its long-lived automotive marques like Tatra and Skoda, and Prague's central location in Europe, it makes perfect sense. Conference speakers included the program design director for Citroën DS, Ivo Groen; Volvo vice president of design Thomas Ingenlath; Jaguar advanced design director, Julian Thomson; Gert Hildebrand, head of design for Qoros; and Johann Lemercier, program manager at Ferrari design.

McLaren denies Ron Dennis demotion rumors

McLaren has denied reports that boss Ron Dennis is being demoted in the wake of the automotive division he heads losing money. Germany's Auto Motor und Sport broke the news this week that Dennis could be demoted. He is known for shaping McLaren into a motorsports powerhouse, and has spearheaded its automotive division since 2009.

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.