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Penske Automotive will buy Saturn from GM
Fri, 05 Jun 2009IndyCar team owner and Detroit businessman Roger Penske has an agreement with General Motors to buy the Saturn brand, it was announced Friday. The proposed deal could close in the third quarter, and GM would continue to build the Saturn Aura, the Vue and the Outlook on a contract basis for Penske Automotive Group, which is the nation
Saab plans to restart production on Aug. 9
Thu, 07 Jul 2011Saab owner Swedish Automobile NV said Thursday that the struggling automaker aims to restart production at its Trollhaetten plant in Sweden on Aug. 9. The news follows the Swedish government's approval of Swedish Automobile's request to sell part of Saab's property unit to a consortium of Swedish real estate investors, the company said in a release.
Kia four-door sports sedan concept
Fri, 19 Aug 2011Kia isn't giving much away about its Frankfurt-bound concept car, indeed it hasn't even released its name yet, referring to it as the 'four-door sports sedan concept.' The press release talks of it as 'signalling a distinctive new design direction' for the Korean brand, yet the now-familiar 'tiger-nose' grille and Optima-esque A-pillar/cant rail/C-pillar highlight are very much in evidence. "No matter from which perspective you look at it - this concept car is roaring with energy and ready for take-off," says Peter Schreyer, Kia Motors Chief Design Officer."I believe the car is a strong statement from Kia: we are ready to fast forward to an all new chapter." We'll bring you full details (and hopefully a name) from IAA next month. Photo gallery: Kia four-door sports sedan concept