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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.

Cars Land to open on June 15 at Disney's California Adventure

Pixar's animated movie Cars will come to life on June 15 when Disney's California Adventure opens a real-life version of the Western desert road town of Radiator Springs. The 12-acre attraction will feature everything from a Flo's Drive-In and a Cozy Cone to a high-speed "Radiator Springs Racers" ride with six-seat, open-topped race cars fashioned after your favorite Cars characters. The race cars operate on a track similar to the one used for the General Motors proving-ground attraction at Disney's Epcot Center in Florida.

Mazda MX-5 20th Anniversary Edition at Geneva

Mazda are launching the UK and European MX-5 20th Anniversary Edition at Geneva The Mazda MX-5 20th Anniversary Edition is launching at the Geneva Motor Show in March. But if you come to Cars UK regularly you will now be asking yourself “Didn’t that get launched last year?” And the answer is yes – we reported on the MX-5 20th at the time – but only in Japan for the JDM. At the time we reckoned it would take a few months to reach the UK and Europe.