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Penske said to be considering bid for GM's Saturn

Roger Penske is considering a bid for General Motors' Saturn brand, a source familiar with the auto entrepreneur's plans said today. Penske is studying the issue but has made no proposals, said the source, who spoke on condition of anonymity. Penske, whose Penske Automotive Group dealership chain distributes Daimler AG's Smart microcars in the United States, is the second entity known to have an interest in Saturn.

Hyundai i30 GT with 1.6 Turbo planned?

Are Hyundai planning a hot hatch i30 GT? (5-door 2012 i30 pictured) It’s reported that Hyundai are planning a hot hatch GT version of the 3-door i30 due in 2013 with a 200bhp 1.6 litre turbo. With all the progress Hyundai has made in the last few years to become a credible threat to mainstream cars from Europe and Japan, the next step must be in the performance and luxury realm.

Fernandes confirms Team Lotus-Caterham deal

Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.