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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.

Tesla loses $38 million in third quarter

Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.

London Congestion Charge jumps 15% to £11.50 a day

London Congestion Charge jumps 15% to £11.50 a day – and even a normal Prius must pay We all moaned when the London Congestion Charge zone was put in place in 2003 and we had to pay £5 a day to drive in London during the day on weekdays. But it’s gone up a bit since then. By 2011, it was costing twice as much – £10 a day – for the dubious privilege of driving in London, but having resisted the temptation of putting the price up for the last three years, Transport for London has announced it will be charging 15 per cent more from 7am on 16 June 2014 for your daily commute – that’s a whopping £11.50.