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California car dealer buys cache of Ferraris

A collection of 21 Ferraris has changed hands, and it's headed for the United States. Car collector Tom Price, owner of Price Family Dealerships in Marin County, Calif., bought 21 classic Ferraris. The collection hit the market last year as Dutch vehicle-distributor Kroymans entered into bankruptcy.

Fiat 500 First Edition arrives in China

Fiat 500 First Edition launches the 500 in China The next stage of Fiat’s quest to make the Fiat 500 the world’s favourite retro-cute car hit the world’s biggest market this week. Yep, China got its first Fiat 500s. Now Fiat appears to have made the 500 the current car of choice for the urban trendy American car buyer (a friend in Los Angeles claims they’re proliferating in the trendy areas just like MINI did in London in the early days) it’s time to turn their attention to China, a market with far more potential.

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.