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Lotus named lead marque for Goodwood

Lotus will take a place of pride as lead marque at June's Goodwood Festival of Speed, backed by an expected record attendance of more than 40 historic racing Lotus models. “Lotus is an incredibly important British car marque, and we plan to have maybe the greatest concentration of a single marque that we've ever had at the festival,” said Lord March, whose Goodwood historic house provides the backdrop for the four-day event beginning on June 28. Emerson Fittipaldi will be reunited with his championship-winning Lotus 72 and an early Lotus 7 race car, a type that many drivers--including British Le Mans legend Derek Bell--cut their teeth on in their formative years.

First Ferrari F12 in U.S. goes for $1.125 million

The first Ferrari F12 Berlinetta in the United States was sold on Saturday at the Formula 1 U.S. Grand Prix in Austin, Texas for $1.125 million. The auction benefited Hurricane Sandy victims.

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.