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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.

Rolls Royce Ghost Series II – the Ghost facelift: Geneva Motor Show

The Rolls Royce Ghost Series II (pictured) debuted at Geneva When Rolls Royce gives one of their cars a rare facelift it becomes the ‘Series II’, and that’s exactly what we get at Geneva today with the reveal of the facelift for the Ghost – the Rolls Royce Ghost Series II. Perhaps the most noticeable cosmetic change is the new headlights which make the front look less square and get daytime running lights round the edge,a revised RR grill with slightly more curved uprights, revised bumpers, extra chrome highlights and a new channel running up the bonnet from the Spirit of Ecstacy. Inside, Rolls Royce has added new electric seats in the back which can be angled towards one another, new voice control,  and a new touch-sensitive controller for the 102″ Infotainment screen. Extra choices of veneer are now on offer as is even more extended leather.

Audi A5 Sportback offered exclusively in Europe, U.S. customers stiffed

Audi is expanding the A5 lineup in Europe with a Sportback version--we're talking a four-door with a coupelike roofline. It will join the coupe and convertible A5s now on sale. The bad news?