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Porsche 918 Spyder starts at $845,000

Porsche has officially put the 918 Spyder on sale for a breathtaking MSRP of $845,000. And, as an incentive to those who order the supercar, Porsche also is offering the opportunity to buy a limited-edition 911 Turbo S, called the 918 Spyder Edition. It will cost $161,650 for the coupe and $173,050 for the convertible.

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.

TVR goes off the rails

By Tim Pollard Motor Industry 02 January 2007 03:25 British sportscar manufacturer TVR is fighting for survival after crashing into administration over Christmas. Blackpool Automotive Ltd, TVR's manufacturing arm, has stopped building cars at the Blackpool HQ, its home since 1947. Around 250 members of staff stayed at home this week, waiting to discover their fate.