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Investor group wants to buy Saturn, sell overseas brands
Wed, 15 Apr 2009An 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.
Mexico plant to build Honda Fit for U.S. market
Thu, 29 Mar 2012Honda Motor Co. has confirmed it will build its Fit small car at its new plant in Mexico for export to the United States and other markets, as it expands its local production footprint to combat the Japanese yen's profit-eating strength. The plant, near Celaya, Guanajuato, will begin operation in 2014 with a capacity of 200,000 vehicles a year.
Goodwood Festival of Speed 2011 preview
Thu, 30 Jun 2011News | Drivers | Cars | Entertainment | Live coverage Festival of Speed news Welcome to CAR Online's page for Goodwood Festival of Speed news, leading up to the 2011 event on 30 June - 03 July. Newest items appear at the top of the page. [If you're heading to Goodwood this weekend, make sure you stop by the CAR stand and pick up your free copy of our magazine!] Jaguar E-Type 50th birthday sculpture - 30 June Made of steel tubes weighing 150 tonnes, the E-type Jaguar sculpture at Goodwood this year soars 28 metres above the lawns outside Goodwood House.