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U.S. equity firm to invest $70 million in Saab
Thu, 20 Oct 2011Race-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 Mazda3 to drive 9,300 miles from Hiroshima, Japan, to Frankfurt, Germany
Mon, 22 Jul 2013The new Mazda3 (pictured) is trekking from Hiroshima to Frankfurt If you’re going to set a challenge for a new car, a drive from Hiroshima to Frankfurt – 9,300 miles – is probably one designed to show any flaws. And that’s exactly what Mazda are doing with the new Mazda3. The ‘Mazda Route3 – Hiroshima to Frankfurt Challenger Tour 2013′ will see eight new Mazda3s setting off from the Mazda factory in Hiroshima, heading for Russia, through Belarus and Poland before ending up in Frankfurt, Germany.
Travel tips for people with physical disabilities
Thu, 02 Aug 2012Why these special stories on mobility? According the U.S. Census, nearly 10 million people age 18 to 64 have an ambulatory difficulty that could affect their ability to drive.