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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.

The 500-hp club: The room is getting crowded

At a time when fuel economy counts for just about everything, there's still a horsepower war raging in the United States. The number of fire-breathing wedge-shaped supercars and hot sedans and coupes that can pump out 500 hp or better has nearly doubled in the past five years to more than 70. A decade ago there were just two members of the 500 hp club in the United States: the Ferrari 575M and Lamborghini Murcielago.

Bentley at the Paris motor show 2008

By Mark Walton Motor Shows 03 October 2008 16:25 Bentley launches its Arnage Final Series, a wonderfully blunt name for the run-out Arnage model. Probably a good thing too - the upright Final Series looked like a old-fashioned stately home next to its sleeker, more modern Continental siblings. Indeed it is - a Bentley spokesman describes this car as a kind of 'Arnage Greatest Hits', because it represents all the best bits anyone might have ordered, all sewn together to make the ultimate version.