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Get a classic car restoration scholarship

Hagerty recently announced it has teamed-up with LeMay–America’s Car Museum to help develop a new program focusing on education on vehicle restoration. This hands-on learning program has been dubbed the “Hagerty Education Program at America’s Car Museum,” and will provide scholarships as well as educational grants to students who are eager and committed to the collector-vehicle industry. Hagerty wants to carry on the success of the former Collectors Foundation, originally introduced in 2005, to continue to educate young people between the ages of 14-25 on the inner workings of the automotive preservation and restoration process.

2013 Goodwood Festival of Speed moves dates for German Grand Prix

The Goodwood Festival of Speed in 2013 has been rescheduled to avoid clashing with the 2013 German Grand Prix. The Goodwood Festival of Speed – and the ultimate test drives that is the Moving Motor Show – is perhaps the best event of its kind in the world. And one of the keys to its success is the ongoing attendance at the FoS by Formula One teams and their personnel.

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.