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Tallmadge, OH, US
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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.
News watch March 2012: today's auto industry news
Fri, 30 Mar 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 March 2012• Fiat is suffering from its decision to suspend new product innovation during the recession, argues ANE. It is losing ground on account of delays to its Punto range, which won't be replaced until 2014, and the ageing Bravo, which was launched in 2007 and has no successor in sight (Automotive News Europe)• Mercedes plans to build the new four-door coupe spun off the A- and B-class architecture at its new Hungarian factory (Automotive News Europe)• Opel denies rumours it may sell the Eisenach factory in east Germany where it builds the Corsa supermini (Automotive News Europe)• Mercedes is cutting the time it takes to build a car from 43 hours in 2008 to nearer 30 hours by 2015, according to production boss Wolfgang Bernhard.
2013 Mercedes CLS63 AMG & Shooting Brake get new E63 AMG power hike
Thu, 10 Jan 2013The 2013 Mercedes CLS 63 AMG and Shooting Brake are getting the same power upgrades as the new E63 AMG and the E 63 AMG S. But hidden in the press info that come in from Mercedes on the new E63 AMG was the news that the power upgrades it gets will also be offered on the CLS 63 AMG (and its Estate version – the CLS Shooting Brake) and that there will be a CLS 63 AMG S version too. That means that the regular CLS 63 AMg will now get 549bhp and be able to scoot to 62mph in 4.2 seconds, with the CLS 63 AMG S – with 577bhp – probably getting to 62mph just a tenth quicker at 4.1 seconds.