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You can make Benz payments on your iPhone

For our young readers, this may seem like nothing. But for the more mature set, here's a new function for your iPhone or iPod Touch--you can make the payment on your Benz. Mercedes-Benz Financial has launched its iPhone app, just three months after launching the pay-from-your-smart-phone project.

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.

Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.