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Video previews Mercedes-Benz GLA crossover ahead of Frankfurt motor show

Mercedes-Benz We last saw the GLA at the 2013 Shanghai Motor Show. Mercedes-Benz has released a short video and sketches previewing the all new GLA before its Frankfurt motor show debut in just a few weeks. With BMW's X1 and Range Rover's Evoque breathing down Mercedes-Benz's neck, we knew it was only a matter of time before Mercedes-Benz rolled out a compact crossover of its own.

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.

Gerry McGovern to head Land Rover Advanced Design

Gerry McGovern has been named Director, Advanced Design for Land Rover, and will be working alongside Geoff Upex, who continues as Design Director for Land Rover. "Gerry is uniquely suited to this role," said J Mays, Ford Motor Company's group vice president of design. "He's already shown the world that he fully understands Land Rover's DNA, having led the team that designed Freelander.