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Saturn alerts customers it is considering a spinoff
Thu, 19 Feb 2009Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1.5 million Saturn owners Wednesday night, Saturn said it would have to line up products to sell--either from other manufacturers or from GM in the role of a vendor--after GM's current commitment to build Saturn products ends after the 2012 model year. "The Saturn Distribution Corporation already exists as an indirect subsidiary of GM," wrote Jill Lajdziak, general manager of Saturn, in the letter.
Tesla Model S burns in Seattle
Thu, 03 Oct 2013A Tesla Model S crashed and burned on Tuesday morning in Seattle. The electric-vehicle manufacturer told Bloomberg that the Model S “collided with a large metallic object in the middle of the road, causing significant damage to the vehicle.” More specifically, the object struck the Tesla's battery. The report worried investors, and Tesla stock fell 6.2 percent on Wednesday.
Spy photos: BMW's 3-series GT
Thu, 24 Mar 2011The BMW 5-series GT has been a sales success for the German automaker, even though the AutoWeek staff is sharply divided over its looks. There's a redesigned 3-series coming for 2012, and a GT version is joining in the lineup. These spy photos give an early look at the 3-series GT ahead of its expected debut this September at the Frankfurt motor show.