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Saturn alerts customers it is considering a spinoff

Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1.5 million Saturn owners Wednesday night, Saturn said it would have to line up products to sell--either from other manufacturers or from GM in the role of a vendor--after GM's current commitment to build Saturn products ends after the 2012 model year. "The Saturn Distribution Corporation already exists as an indirect subsidiary of GM," wrote Jill Lajdziak, general manager of Saturn, in the letter.

Acura NSX prototype will drive Mid-Ohio prior to IndyCar race

Acura's new, long-awaited NSX is still two years from arriving in customers' impatient hands, but attend the Izod IndyCar Series race at Mid-Ohio on Aug. 4 and you'll have the opportunity to see and hear the car in action. Acura on Thursday released an image of a prototype NSX, and said the car will take to the racetrack just prior to the Honda Indy 200 in Lexington, Ohio.

Porsche to take majority stake in VW for £7bn

By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.