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The Toyota FT-1 concept would make a damn fine new Supra

The Detroit auto show is just getting started, and Toyota has kicked things off with a nice surprise: The racy FT-1 concept. A product of Toyota's Calty Design Research facility, the FT-1 concept shares some of the swoops and vents with the Lexus RC F. But there's a boatload of high-performance styling cues there, too: Take a quick glance and you might spot the front end of a Ferrari Enzo, the profile of the Nissan GT-R, the double-bubble roof of the SRT Viper/any number of Zagato creations and the oversized retractable rear wing of the McLaren P1.

Civic hybrid tests Honda's new strategy

Despite being the first to sell an electric-gasoline car in the United States and making hybrid technology a centerpiece of its fuel economy push, Honda Motor Co. has yet to have a hybrid hit. But the redesigned Civic Hybrid, launched April 20, is the first test of whether Honda's new strategy of tapping lithium ion batteries and, later, two-motor systems can break the streak.

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.