Volvo 270 Outdrive Props Gimbal Transom on 2040-parts.com

Mazda MX-5 20th Anniversary Limited Edition launched

Mazda has released a limited edition MX-5 in Japan to commemorate 20 years of the MX-5 It’s hard to believe that the little Mazda MX-5 – or Mazda Roadster, as it’s known in Japan – has been with us for 20 years, but it has. And in that time it has racked up sales of more than 850,000, making it the best-selling open roadser in history. Deservedly so.

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.

Hyundai delays Sonata Hybrid deliveries for change in sound device

Delivery to dealerships of most of Hyundai's initial Sonata Hybrids has been delayed until at least late March because the brand is altering the car’s device that emits an artificial engine noise at low speeds. Hyundai planned to have the car available in January but only a small number of the vehicles are in dealer stock, Hyundai spokesman Jim Trainor said. Trainor declined to say how many Sonata Hybrids have arrived in the United States but said about 700 units are in port or at sea.