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Can't afford a supercar? Rent one

ALONGSIDE more mainstream offerings such as Fiestas and Astras, rental company Hertz is now offering a taste of the high life across Europe by adding a selection of high performance and luxury cars to its fleet. Arguably the most eye-catching additions are the McLaren 12C and the Ferrari F12 Berlinetta, two cars costing in excess of £175,000 to purchase new and both capable of over 205mph. Other additions to the fleet include the Porsche Cayman sports coupe and the Cayenne SUV, plus luxury cars such as BMW X6 and Range Rover Sport.

NEVS completes Saab purchase

National Electric Vehicle Sweden AB (NEVS) has completed the purchase of the assets of Saab, but can’t use the Griffin logo. It looks like the Chinese, Japanese, Swedish Consortium NEVS has finally completed the process of acquiring the assets of bankrupt Saab, but it hasn’t quite got all it wanted. We reported last week that the process of acquiring Saab had been delayed as there were still issues over the rights to the Saab log, a logo owned by Scania and Saab Aerospace.

Renault says Saturn supply deal ‘just didn't add up'

In the eleventh hour of Roger Penske's venture to acquire Saturn from General Motors Co. to keep the brand alive, Renault's executive committee in France concluded, “Ca fait deux.” Rough translation: “It's not going to come together.” Despite Penske's statements that his organization had been in discussions with automakers around the world, ultimately his hopes had been pinned on only one: Renault SA. Penske and Renault CEO Carlos Ghosn are friends and talk frequently.