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Investor group wants to buy Saturn, sell overseas brands

An investor group called Telesto Ventures says it wants to acquire Saturn's retail operations and provide dealers with vehicles from General Motors through 2011 and mostly overseas manufacturers thereafter. A GM spokesman said today the group's proposal is legitimate and "very interesting." "I can tell you this is one of the interested parties with Saturn, and we have been working with them throughout this process," said spokesman Steve Janisse. "There are other interested parties as well who we're working with.

RIP Sergio Pininfarina 1926–2012

Sergio Pininfarina died last night at his home in Turin. He was 85 years old. Born in Turin on 8 September 1926 to Pininfarina's founder Battista Farina, Sergio was instrumental in growing the company during his almost 50 years at the helm of the most famous Italian design house.

UK new car average CO2 now under 140g/km

UK motor industry body the Society of Motor Manufacturers and Traders (SMMT) claims 56% of new cars sold in the UK during 2010 boasted carbon dioxide (CO2) emissions figures below 140g/km. New car emissions of CO2 continued to fall at an increased rate year-on-year, dropping 3.5% over 2009’s figures and representing a cumulative drop in new car CO2 emissions of 20.3% since 2000.  The data comes from the release of the SMMT’s annual New Car Carbon Dioxide (CO2) report for 2011, out today. UK vehicle fleet CO2 continues to fall The presence of lower-polluting new vehicles in the overall UK vehicle parc (the total fleet of new and existing vehicles on the roads) has driven parcwide CO2 levels down 7.8% since 2000, and 2.7% since 2009.  This is partly thanks to new vehicles, and also due to reduction of higher-polluting vehicles via legislation and scrappage incentive schemes. The overall reduction also comes in spite of an increased number of vehicles on the road, and greater average distances travelled compared to 2000. Diesel’s rise continues One notable trend has been market penetration of diesel-powered cars. In 2000 petrol powered cars held 85.9% of the market, with 14.1% diesels.