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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.

Britain leads bumper year for Ferrari

FERRARI may be struggling on the Formula One track, but its bank accounts are in fine shape after profits reached new record highs. After delivering 3,631 cars in the first six months of the year – 3.6% fewer than the me period in 2013, in line with the company's plans to reduce deliveries – revenues were up 14.5% to almost £1.35 billion. Profits rose 5.2% to £185 million, which should pay for a good send-off for the outgoing Ferrari Chairman Luca di Montezemolo after his 23 years of service.

BMW i8 revealed: The BMW Vision ED lives

BMW i8 Revealed Today BMW reveals the i8 Concept, the production concept of the Vision EfficientDynamics supercar we saw back in 2009 and, for BMW, their way forward in a more eco-conscious world. But being aware of the climate doesn’t mean the joy has to be taken from the drive, and the BMW i8 aims to offer a car which can claim a green halo be also be a stimulating and appealing car for the petrolhead. The i8 is remarkably similar to the original Vision ED Concept, although it has dumped the 1.5 litre diesel the Concept has for a new 1.5 litre petrol engine with direct injection which develops 220bhp and 221lb/ft of torque.