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Saturn alerts customers it is considering a spinoff

Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1.5 million Saturn owners Wednesday night, Saturn said it would have to line up products to sell--either from other manufacturers or from GM in the role of a vendor--after GM's current commitment to build Saturn products ends after the 2012 model year. "The Saturn Distribution Corporation already exists as an indirect subsidiary of GM," wrote Jill Lajdziak, general manager of Saturn, in the letter.

Audi S5 Sportback revealed

Audi are bringing the S5 Sportback to Frankfurt The S5 Sportback gets Audi’s 3.0 litre supercharged lump putting out 329bhp and delivering 324lb/ft of torque. Which will give the S5 Sportback performance of around 5.2 seconds to 60 mph. This change from big V8s is a shame, but it does result in better economy – estimates for the S5 S/B are pushing on 30mpg – and the reduced emissions help car makers like Audi lower their average emissions, and important consideration these days.

Chrysler rolls out 'No Payments for 90 Days' incentives

As worries grow of a second-half sales slowdown, Chrysler Group announced new incentives this week for 2011 and 2012 models. Under the “No Payments for 90 Days” promotion, buyers of 2011 or 2012 Chrysler, Jeep, Dodge or Ram Truck vehicles who finance their purchases through Ally Financial won't have to make payments for three months. The promotion runs through Sept.