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Penske's plan for Saturn: Sell Samsung vehicles

Entrepreneur Roger Penske wants to use the Saturn dealership network to sell vehicles built by Renault Samsung Motors and imported from South Korea. According to Automotive News, Penske recently met with Renault and Nissan CEO Carlos Ghosn in Paris to talk about the plan. Renault owns 80.1 percent of Renault Samsung.

Toyota to halt North America vehicle output for 5 days this month

Toyota Motor Corp. will suspend production at its North American assembly plants for five days this month due to earthquake-related parts shortages. All but one of Toyota's assembly plants are scheduled to be idled on April 15, 18, 21, 22 and 25, the automaker said in a statement Friday.

Record-setting Ferrari hydroplane heads for RM's Monaco auction

A record-setting Ferrari-powered 1953 hydroplane, ARNO XI, will cross the block in May at the RM Auctions event in Monaco. The hydroplane set the speed record for a boat of its size on Lake Iseo in northern Italy, running up to 150.19 mph. Designed and built by Achille Castoldi—a friend of Ferrari Grand Prix drivers Alberto Ascari and Luigi Villoresi—convinced Enzo Ferrari to provide knowledge and technical assistance to help develop the world-record-holding boat.