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Lexus LFA: First production LFA in the UK at Goodwood

The Lexus LFA turns up at the Goodwood Supercar Sunday Breakfast Club The Lexus LFA hasn’t had an easy gestation. Half a generation from the promise to the reality, and endless hiccups with lease and buy-back plans in the US – where Lexus initially refused to sell the LFA – meant many of the headlines were less than positive. Which is a real shame.

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.

GM to build eight-speed transmission in Toledo

General Motors is directing $204 million of a $2 billion investment in its U.S. plants toward building an eight-speed automatic transmission in Toledo. Automakers are turning to transmissions with more gears to meet more stringent fuel-economy regulations.