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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.

Honda Fits from 2007, 2008 recalled for headlight problem

Honda is recalling more than 143,000 Fit cars from the 2007-08 model years in the United States for defective headlights. Potential low-beam headlight failure stems from a wiring defect that could cause connectors to overheat and fail. Honda will start notifying U.S.

Nissan Juke Nismo debuts

The Nissan Juke Nismo will debut this weekend at Le Mans 24 Hours and go on sale in the UK in early 2013. The Nissan Juke Nismo sounds like it should be a slightly watered-down version of the Juke R, but it’s not. The Juke Nismo, revealed at the end of 2011, is in fact a titivated regular Juke; think the Nissan version of IPL.