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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.
Now it’s the Lexus GS F-Sport and GS 450h Hybrid being teased
Thu, 25 Aug 20112012 Lexus GS-F Sport Tease - it looks more like the LF-Gh We expect car makers to tease us with their wares; it’s our own fault. As online media we’re hungry for news, and teases of forthcoming cars are news. Which is why Lexus teased us with the 2012 GS and why they’re now dragging that out to include the new GS F-Sport and the GS 450h.
McLaren gives MP4-12C power and gadget upgrade
Thu, 07 Jun 2012McLaren has announced a surprise package of upgrades which will be offered to existing owners of its MP4-12C supercar, free of charge. Owners will benefit from more power, a tunable engine noise and fewer foibles - yes, the tricky swipe-to-enter door handles are banished for good. So what exactly has changed on the McLaren MP4-12C for 2013?