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Lexus Hybrid sales top half a million

Lexus has revealed that they’ve sold more than 500,000 hybrid cars, with the Rx 450h the top seller and the CT 200h catching fast. Unsurprisingly, as it was the first Lexus hybrid to be introduced in 2005, the biggest seller - accounting for half of all Lexus hybrid sales to date (259,000) – has been the RX 400h / RX 450h, but the CT 200h, which was only introduced in 2011, is catching up fast with sales to date of 122,000 to date. During the last seven years Lexus hybrid sales have risen from 26,000 to 113,000 a year and 25 per cent of those Lexus hybrid sales now happen in Europe, even though we don’t get cars like the HS 250h (56,000 sales) and the ES 300h (8,000 sales).

Ssangyong LIV-1 SUV: Seoul Motor Show

Ssangyong has rolled out yet another SUV Concept at its home motor show in Seoul – the Ssangyong LIV-1 SUV. The Ssangyong LIV-1 SUV is another new SUV concept from Ssangyong (we’ve had the SsangYong SIV-1 at Geneva and the e-XIV EV Concept at Paris in the last six months) with a  catchy little moniker, this one a ‘Limitless Interface Vehicle, which sets the bar quite high. The LIV-1 does have a better looking nose than any of Ssangyong’s current crop of production cars (well, certainly than the Rexton and Rodius) although it does look like the designers were competing to see how many creases they could add to the bodywork of the LIV-1.

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.