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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 RX-8 Facelift – Official

The Mazda RX-8 facelift for 2010 has been confirmed It’s all much as we said earlier. The Mazda RX-8 gets a facelift pretty much in line with what we’d detailed earlier based on the RX-8′s recent facelift in Japan. The front gets a tweak to bring it more in to line with the family features – as seen on the Mazda 3 – and LED lights are bolted on the back.

Mini to showcase ‘Mission Control,' anniversary cars at Frankfurt

Mini is celebrating its 50th birthday at the Frankfurt motor show with a nod to the past and a glimpse of the future. Two special-edition Minis, the 50 Mayfair and 50 Camden will be displayed at the show--where parent BMW always likes to make a splash. The pair went into production Sept.