Daihatsu Mira 2004 Rear Left Combination Lamp [6115600] on 2040-parts.com

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 2015 Mazda MX-5 revealed

The new Mazda MX-5 has been umveiled The Mazda MX-5 is the car we, the British, would still be making if we hadn’t forgotten how to make fun to drive and affordable roadsters for the common man. Fortunately, Mazda has taken up the Mantle with the MX-5 over the last 25 years, and the new 2015 MX-5 looks like it will offer more of the same. The new MX-5 has a new chassis, a pair of new SkyActiv petrol engines and manages to be lighter and smaller than the current MX-5 – which augers very well for its appeal and ability.

New Kia Magentis / Kia Optima (2011) revealed

Kia will reveal the 2011 Magentis/Optima at the New York Motor Show in April Hot on the heels of the sketches we saw of the 2011 Kia Magentis just before the Geneva Motor Show, we now get a photo of Kia’s take on the Hyundai i40 (well, a CGI anyway). Which does seem a long lead time. We know that Kia intend to show the Magentis/Optima at the New York Motor Show next month, but we’re not expecting to see the Magentis in showrooms until 2011.