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Penske said to be considering bid for GM's Saturn

Roger Penske is considering a bid for General Motors' Saturn brand, a source familiar with the auto entrepreneur's plans said today. Penske is studying the issue but has made no proposals, said the source, who spoke on condition of anonymity. Penske, whose Penske Automotive Group dealership chain distributes Daimler AG's Smart microcars in the United States, is the second entity known to have an interest in Saturn.

Concept Car of the Week: Mercedes-Benz C111, C111-II and C111-IID

In 1962, Mercedes-Benz launched a research program to investigate the development of the Wankel rotary engine and its potential both on the road and track. While the early mule wasn't a looker, the prototype's design continued to evolve until a public unveiling of the C111-I concept, designed by Bruno Sacco, at the 1969 Frankfurt motor show. The coupé may have looked like the systematic further development of the Sport Light models from the ‘50s with its gullwing doors, but it wasn't a design study for a new SL.

Mitsubishi to build new family of vehicles in U.S.

Mitsubishi will assemble a new family of vehicles at its Illinois plant within two years, a source familiar with the company's plans said. The vehicles will be based on the platform underpinning the Outlander and Outlander Sport crossovers and Lancer sedan, the source said. Those models are assembled in Japan.