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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.

Chevrolet WTCC Ultra (2006): first official pictures

By Phil McNamara First Official Pictures 28 September 2006 09:48 Chevrolet Ultra: the lowdown Hidden beneath the WTCC Ultra's wild touring car looks is Chevrolet's 2008 Ford Focus rival. GM's headline concept car at today’s Paris motor show (Thursday 28), the Ultra previews Chevrolet's future design direction, as well as the Lacetti replacement. Although the muscular bodykit, ultra-wide track, funky graphics and slitty rear window will all be toned down for production, 'you won’t miss the connection when the production car arrives,' a GM insider told CAR Online.

Here's what the 2014 Volvo V60 wagon will cost

The Volvo V60 has been a moderate hit in Europe, and this month it's finally set to go on sale in the U.S. The five-door station wagon will offer one engine from the automaker's new Drive-E family of powerplants, gasoline engines that will use turbocharging and direction injection, in a package slightly smaller than the existing XC70 station wagon. All-wheel drive and front-wheel drive will both be on the menu, with the the base version of the V60 T5 front-wheel drive station wagon starting at $36,215.