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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.

Mazda CX-5 is born from the Mazda Minagi Concept

Mazda CX-5 - the Mazda compact SUV Back at the Geneva Motor Show this year Mazda pitched up with the oddly named Mazda Minagi Concept, a compact SUV which we said would arrive in showrooms as the Mazda CX-5. And it is. Mazda has announced that the CX-5 will be going in to production and that we will be seeing a production-ready version at Frankfurt in September, which suggests that the CX-5 will be in a showroom near you in early 2012.

MOTORPOINT GETS A NEW TRAINER

MOTORPOINT has appointed Minty Singh as its new training manager. Minty joins the Derby-based car supermarket giant from British Gas, where until recently she was the Renewals Manager within its Business division, responsible for a team of 50 advisors. She started her career as a foreign language teacher at her former school in Loughborough.