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Sao Paolo 'Giugiaro – 45 Years of Italian Design' exhibition announced

The ‘Giugiaro – 45 years of Italian Design' exhibition will be held at the Sao Paolo Museu da Casa Brasileira. The show, held from 7 February until 31 March, highlights the significance of Giorgetto and Fabrizio Giugiaro's work for the Italian design identity. The Museu da Casa Brasileira, which gives the most important design award in Brazil, will use five rooms to display exhibits ranging from car designs and concepts – the Aztec and Structura – to production models including the Volkswagen Golf Mk 1.

Saab sale to National Electric Vehicle Sweden confirmed

The sale of a substantial portion of Saab assets to National Electric Vehicle Sweden has been confirmed. It’s taken a very long time, but Saab has finally found a new home in the hands of National Electric Vehicle Sweden, as we reported last week. National Electric Vehicles Sweden has been set up to take over the assets of Saab and is a consortium of Japanese, Swedish and Chinese stakeholders, but it does not get the contentious Saab 9-5 technology that has dogged the sale of Saab so far.

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.