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Official: Mercedes SLS AMG Black Series

The new Mercedes-Benz SLS AMG Black Series has been revealed ahead of going on sale in the Summer of 2013. The SLS Black Series gets the usual mix for a Mercedes Black Series model – more power and less weight – and uses the same 6.2 litre V8 as the regular SLS but with the wick turned up to 622 horses from the regular, but hardly wanting, 583 thanks to a new air intake, cams, boost tweaks and better cooling. The oily tweaks for more power – and some weight shedding (70kg) – means the SLS Black can get to 62mph in 3.6 seconds – 0.2 seconds quicker than the regular SLS – and top out at 196mph (due to the extra downforce).

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.

New Italian Supercars at Frankfurt

Italian Supercar makers didn't dissapoint at Frankfurt, with new offerings from Lamborghini, Ferrari and Maserati Fotunately for those of us who love cars, the Italians would prefer to ignore whats going on in the world and instead concetrate on bringing four wheeled gourgousness to the car world. And we had new cars from the big three Italian Supercar makers – Ferrari, Lamborghini and Maserati. Lamborghini brought us the most extreme – the very limited edition Reventon Roadster.