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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.

Toyota hands over small-car development to its European unit

Toyota Motor Corp.'s European division next month will take charge of global product planning for small cars as the Japanese automaker expands model research and development in the region. The change, announced Dec. 17, means that Toyota will count on Europe to develop future products in the minicar, subcompact and compact segments, something that Ford Motor Co.

2012 Fiat Panda starts at £8,900

The new Fiat Panda starts at under £9k The 2012 Fiat Panda will cost from £8,900 for the POP 1.2 8v 69 CV, rising to £12,250 for the Panda Lounge 1.3 MultiJet 75 CV in the UK. The 2012 Fiat Panda was unveiled at the Frankfurt Motor Show last Autumn, and looks as though it’s going to continue the Panda tradition of simple motoring at affordable prices with the news that the starting point for the new Panda will be £8,900 for the entry-level Panda POP 1.2 8v 69 CV. Even the top-of-the-range Panda Lounge 1.3 MultiJet 75 CV comes in at a not too unreasonable £12,250, with another eight models in between the two extremes offering variations of trim and engines to suit sensible urbam motoring.