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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.

Toyota at the Paris motor show 2008

By Gavin Green Motor Shows 02 October 2008 19:16 Toyota showed the latest, third-generation Avensis, a car that typically whips up as much excitement from car enthusiasts as the Eurovision Song Contest does with music aficionados. The Avensis is one of those cars that typically provides loyal service to company car reps before naturally seeing out as its days as a minicab, pine scent dangling from rear-view mirror. The new one though is a much tidier effort in its styling, and the Tourer (estate) version is bordering on the svelte.

Top 10 cars recalled for safety issues in 2013

A total of 850,000 cars were recalled in Britain last year, according to figures released by the Vehicle and Operator Service Agency (Vosa). A recall takes place when a car manufacturer becomes aware of a safety-related defect involving one of its cars. Here, using the figures from Vosa, MSN Cars highlights the most recalled cars of 2013, before going on to list the results by manufacturer.