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U.S. equity firm to invest $70 million in Saab
Thu, 20 Oct 2011Race-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.
BMWism.com compiles definitive history of BMW designers
Mon, 06 Feb 2012BMW fansite, BMWism.com, has compiled a definitive history of the company's key designers throughout the ages. The list tracks the brand's creatives, from Lucien Rosengart in 1881, right up to Magnus Aspegren, now Director of the Singapore Studio of BMW Group Designworks USA. It also unearths some great images from the company's vaults.
Skoda Superb Estate teased
Tue, 25 Aug 2009The new Skoda Superb Estate teased ahead of a Frankfurt launch Update 18/9/09: Skoda has now launched the Superb Estate – the Skoda Superb Combi – at Frankfurt. The Skoda Superb Estate is something of a monster estate – aimed to compete with the big Volvo estates – and is likely to come with an engine – and trim level – to suit just about any need. The Superb Estate doesn’t appear to have a longer wheelbase than its saloon sibling, but it does appear to be taller at the back, which augers well for the load capacity, which Skoda are quoted as saying is ‘Huge’.