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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.

Saab go back for another Chinese

Saab are saved (?) by Pang Da Auto There can’t be many companies in China who haven’t had Victor Muller banging on their door armed with a chunk of Saab stock in exchange for a hat full of Chinese currency. A couple of weeks ago we had the news that Saab had signed a deal with Chinese car Maker Hawtai for €120 million in exchange for a big chunk of Saab stock and lots of ‘joint’ venture. But that fell apart last week even before Victor Muller could get to consummate the marriage.

2012 Porsche Boxster, 911 Turbo, 911 Targa, 911 Cabrio & new Cayman caught on video

Porsche's next generation cars caught on video There are umpteen people round the world who make a living from camping out in inhospitable terrain in the hope of snapping a new car before the car maker wants the world to know. And they make a decent living from flogging those snaps to car media round the world. So those poor guys must be spitting feathers when they see what one sleepy resident of San Franciscan found lining up on his street when he was awoken by the sound of a Porsche 911 or three outside his bedroom window.