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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.

Spectre 341 Challenge: The thrill of the hill

All you need to take on the death-defying Spectre 341 Challenge is a license, registration, proof of insurance and Department Of Transportation-legal tires. The winding 5.2-mile road in Virginia City, Nev., named Highway 341 has 22 hair-raising turns, about 14 of which can literally kill you. “This place forces the intangibles to the surface,” event creator and Spectre Performance owner Amir Rosenbaum says.

Citroen DS Inside: full photos, analysis of new DS3

By Tim Pollard First Official Pictures 29 May 2009 11:00 Citroen has shown off its new DS Inside concept in more detail – providing a glimpse at the company’s plans for its ‘near premium’ models. It’s our first view inside the DS’s cabin and more details are emerging of Citroen’s strategic move upmarket in 2010. Although still officially a concept car, the DS Inside is virtually a carbon copy of the production DS3, the first of the new models named after the legendary 1950s déesse.