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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.

Time-capsule DeLorean with only 309 miles emerges

We see time-capsule cars on a pretty regular basis, but they seldom happen to be proper time-travel cars as well. Of course we're talking about the DeLorean DMC-12, an automobile whose several thousand examples were believed to be largely accounted for. So imagine our surprise when we heard about a DeLorean recently found in a storage bay with delivery mileage on the clock and a mild layer of dust on its stainless-steel body.

Feds researching fire risks from EV batteries, regulator says

Federal safety regulators have begun an $8.75 million study of whether lithium ion batteries in electric vehicles pose a potential fire hazard, officials said Thursday. Kevin Vincent, chief counsel of the U.S. National Highway Traffic Safety Administration, said researchers are looking at whether the high-voltage batteries can cause fires when they are being charged and when the vehicles are in an accident.