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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.

Saab SOLD to National Electric Vehicle Sweden

The Swedish press are reporting this morning that Saab administrators have agreed a deal to sell Saab to National Electric Vehicle Sweden. The Saab Saga has been going on so long it’s hard to think of it is a car maker any more. But that may be about to change.

Ford Fiesta Crossover coming

The Ford Fiesta Crossover out playing The car landscape never stands still, and as new flavours of car become fashionable every mass car maker does their best to jump on the bandwagon with a model designed to suit the zeitgeist. What’s the current zeitgeist? The crossover, that melding of every style of car you can think of – hatch/SUV/estate – designed to suit a modern lifestyle (or so the sales pitch usually goes).