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Saturn alerts customers it is considering a spinoff

Saturn 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.

Lamborghini Countach LP400 breaks $1 million sale barrier

A 1975 Lamborghini Countach LP400 "Periscopica" sold for $1.21 million at the Bonhams auction held in conjunction with the Greenwich Concours d'Elegance on Sunday, June 1, setting a record for the model. Named for the roof-mounted periscope-style rearview mirror that adorned the first 150 Countach models, the stunning "Blu Tahiti" example was the first example of the Countach to break the $1 million mark. We can probably guess what you're thinking: The Countach hadn't broken the $1 million barrier until now?

Saab plans to restart production on Aug. 9

Saab owner Swedish Automobile NV said Thursday that the struggling automaker aims to restart production at its Trollhaetten plant in Sweden on Aug. 9. The news follows the Swedish government's approval of Swedish Automobile's request to sell part of Saab's property unit to a consortium of Swedish real estate investors, the company said in a release.