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Penske Automotive will buy Saturn from GM

IndyCar team owner and Detroit businessman Roger Penske has an agreement with General Motors to buy the Saturn brand, it was announced Friday. The proposed deal could close in the third quarter, and GM would continue to build the Saturn Aura, the Vue and the Outlook on a contract basis for Penske Automotive Group, which is the nation

Fiat 500 1957 edition hits showrooms this spring

Fiat will introduce its limited production Fiat 500 1957 Edition that will arrive in showrooms late this spring. The Fiat takes design cues from its vintage Italian roots, giving buyers a throwback feel with its interior and exterior styling. Buyers can get into the 500 1957 starting at $21,200 including destination and handling fees.

Porsche considering full factory F1, Le Mans teams

New Porsche CEO and president Matthias Muller is weighing up a review of Porsche’s motorsport activities – and claimed the sports car brand could re-enter Le Mans with a full factory team, or even F1. Muller was appointed on 1 October 2010 and has lots on his plate: he’s a VW veteran and is charged with integrating Porsche smoothly into the Volkswagen business empire as Wolfsburg ratchets up its ownership of Porsche. That integration includes motorsport, he told CAR at the 2010 Paris motor show.