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Porsche Panamera hits the heights in Shanghai

A Porsche Panamera on its way to the 94th floor of the World Financial Centre in Shanghai [ad#ad-1] The stories of car makers doing daft things with cars to garner a bit of publicity have been rarer of late. Which, considering the sombre mood of car makers and the car buying public in recent months, is no real surprise. Even Motor Shows have been relatively sombre affairs (the Detroit Motor Show was particularly muted in 2009), but China is still booming, and the Shanghai Motor Show has been pretty much an old fashioned, glitzy affair.

Video: Hennessey Venom GT now unofficial fastest production car

The Hennessey Venom GT hit its top speed of 270.49 mph last week at the Kennedy Space Center, edging out the Bugatti Veyron Super Sport's previous 269.86 mph record. Hennessey and Bugatti have been battling for the top spot of "fastest production car in the world," and this time America came out on top. Hennessey attempted a record run in 2013, reaching a top speed of 265.7 mph before running out of room on the 2.9-mile-long runway at the Naval Air Station in California.

Penske Automotive will buy Saturn from GM

IndyCar 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