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Investor group wants to buy Saturn, sell overseas brands

An 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.

Last 2013 MINI leaves the production line to make way for the new 2014 MINI

The last 2013 MINI rolls off MINI’s production line It’s only ten days since the all new 2014 MINI was revealed, but already production of the current MINI – launched in 2006 – has ended at MINI’s production plant in Oxford. It’s hard to believe, but the current generation of the MIN I has sold over 1 million around the globe in the seven years since it launched, and the BMW MINI – since its re-birth in 2001 – has shifted a grand total of 1,863,289 MINI hatches and 2.4 million MINIs have been built in Oxford since 2001. When the current, 2nd generation BMW MINI, was launched in 2006, it brought with it new turbocharged engines and suspension tweaks to make sure the then ‘new’ MINI continued to offer all the things that make MINI special, but in a more grow-up way.

Chrysler to build an electric version of the Fiat 500 for the U.S. market

Chrysler will build an electric version of the Fiat 500 minicar for sale in the United States, starting in 2012, the automaker said on Monday. A prototype of the Fiat 500EV was shown at the Detroit auto show. The concept uses an electric motor, an advanced lithium-ion battery pack and an electric vehicle-control unit.