Our Daily Saab: This Man Gives His Last Shirt To Save Saab

Bertel Schmitt
by Bertel Schmitt
our daily saab this man gives his last shirt to save saab

The man in the weineresque photograph is Alex Mascioli, head of North Street Capital in Greenwich, Conn. Supposedly, he will come up with $70 million by this weekend to save Saab form the abyss once more. Not much is known about the man – Wait, I take that back.

Mascioli is a racecar driver. A luckless racecar driver, but it’s not for a lack of trying. Freebase says “he has the second most starts without a win.

Mascioli also is a very private man: When you go to the Freebase page that praised his many attempts at winning car races, you find – nothing. His picture and the stuff about the many unwon races have been removed. The entry went on to say that “ The original description for Alex Mascioli was automatically generated from Wikipedia.org.” However, there is no page on Mascioni in Wikipedia. There was one, but it had been deleted. Reason given:

Violates WP:BLP by noting a recent arrest without providing a reference.” And: “Three or four searches didn’t turn up this name in connection with any race car/Indy material … the rest is non-notable.”

Apparently, Mascioli forgot to purge the shirtless picture from Flickr – any guess how long it will last there? At least it’s a little tasteful: There is only a hint of underpants, the bulk (or lack thereof) has been discreetly cropped away.

A trademark search unearthes Alex Mascioli as the holder of the “Hampton Dog” trademark, apparently for high-end dog collars and dog leashes. It looks like that business went to the dogs: The USPTO lists the mark as abandoned. Mascioli also dabbled a bit as an auto writer – in the self-published genre.

His track record as a global financier remains murky. A search of deals finds very little. The alleged “employee owned hedge fund company” is listed as less than one year old. That edit was made by Alex Mascioli himself.

In my desperation, I called my friend who runs several hedge funds from a trading room discreetly tucked away in a strip mall in New Jersey. He knows everybody. Everybody except Alex Mascioli.

“Never heard of him.”

“It says he has a hedge fund.”

“You won’t believe how many people say they have a hedge fund. There are more funds than hedges! Gotta run!”

Even the faithful at Saabsunited have their doubts that the half-naked man has what it takes to save Saab:

“Google 500 West Putnam Street, Suite 400, Greenwich, Ct and you find that it belongs to a virtual office company called Regus . North Street Capital’s fax number, for example is the generic Regus one. While there is nothing inherently wrong with having a virtual office, from Regus website: ’Clients sign a one-page agreement and can move into their new space literally overnight. A Regus Virtual Office gives you an enhanced business image, complete flexibility and support without the overhead.’

And this Co is going to rescue Saab ???”

Our words exactly.

(Hat tip to you-know-who. The Swedish Chef has his day off.)

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5 of 18 comments
  • Eldard Eldard on Oct 21, 2011

    Try Facebook: https://www.facebook.com/profile.php?id=1654059134 There's a pic with the Spyker and Saab logos uploaded 2 years ago.

    • See 1 previous
    • Eldard Eldard on Oct 22, 2011

      @Its_Magic My bad. I've mistaken it for another pic. There's also a pic of a stuffed toy. Wut? But anyhoo, I hope he doesn't do a Marcus Shrenker.

  • Jeff_vader Jeff_vader on Oct 22, 2011

    Does anyone actually have any infomation with regard to this guys Indycar/Indy 500 career? He would appear to have been entered for the 2010 race and I can find a picture of him standing in the cockpit of a Dallara in the standard pose but I can't find evidence of him setting a time. Did he actually even go out or were there 'funding issues'?

  • Bullnuke Well, production cuts may be due to transport-to-market issues. The MV Fremantle Highway is in a Rotterdam shipyard undergoing repairs from the last shipment of VW products (along with BMW and others) and to adequately fireproof it. The word in the shipping community is that insurance necessary for ships moving EVs is under serious review.
  • Frank Wait until the gov't subsidies end, you aint seen nothing yet. Ive been "on the floor" when they pulled them for fuel efficient vehicles back during/after the recession and the sales of those cars stopped dead in their tracks
  • Vulpine The issue is really stupidly simple; both names can be taken the wrong way by those who enjoy abusing language. Implying a certain piece of anatomy is a sign of juvenile idiocy which is what triggered the original name-change. The problem was not caused by the company but rather by those who continuously ridiculed the original name for the purpose of VERY low-brow humor.
  • Sgeffe There's someone around where I live who has a recent WRX-STi, but the few times I've been behind this guy, he's always driving right at the underposted arbitrary numbers that some politician pulled out of their backside and slapped on a sign! With no gendarmes or schoolkids present! Haven't been behind this driver on the freeway, but my guess is that he does the left lane police thing with the best of 'em!What's the point of buying such a vehicle if you're never going to exceed a speed limit? (And I've pondered that whilst in line in the left lane at 63mph behind a couple of Accord V6s, as well as an AMG E-Klasse!)
  • Mebgardner I'm not the market for a malleable Tuner / Track model, so I dont know: If you are considering a purchase of one of these, do you consider the Insurance Cost Of Ownership aspect? Or just screw it, I'm gonna buy it no matter.The WRX is at the top of the Insurance Cost pole for tuner models, is why I ask.