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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.

Audi TT (2014) in detail: news, prices, specs

By Ben Barry First Official Pictures 08 August 2014 10:39 Could the third-generation Audi TT finally be about to live up to the mini-me Porsche 911 billing that its looks have always promised but its dynamics never delivered? As tech development boss Oscar Da Silva Martins talks CAR round a cutaway of the car’s monocoque ahead of its launch in November, it seems a tantalising possibility. With a clever mixture of aluminium and steel, the new TT’s kerbweight is not only some 140kg shy of the iconic Mk1 of 1998 but also 50kg lighter than its steel-and-aluminium-based predecessor, despite extra equipment that boosts both safety and convenience.

Man-made Modern Luxury Materials in Cars

Luxury, within the context of a car interior, has been closely related to the use of wood and leather for over a century. These natural materials have a familiar organic, tactile quality that are intrinsically desirable attributes for most people and, in today's mass manufactured plastic world, they also assume a luxury or premium quality. Throughout the last century, metal, leather and wood have also been progressively supplanted by bakelite, vinyl and then polymer-based plastic materials in car interiors as well.