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Renault says Saturn supply deal ‘just didn't add up'

In the eleventh hour of Roger Penske's venture to acquire Saturn from General Motors Co. to keep the brand alive, Renault's executive committee in France concluded, “Ca fait deux.” Rough translation: “It's not going to come together.” Despite Penske's statements that his organization had been in discussions with automakers around the world, ultimately his hopes had been pinned on only one: Renault SA. Penske and Renault CEO Carlos Ghosn are friends and talk frequently.

Latest Saab production halt raises concern

News today that Saab has halted production again, owing to problems paying suppliers, has raised further questions over the long-term financial viability of the independent car maker. Saab says it continues to negotiate with its local suppliers to ensure a supply of parts, but has declined to mention when production may resume. Didn't Saab have supplier issues last week?

Bentley teases Arnage successor

Bentley is giving a glimpse of its future this morning with a teaser shot of the Arnage successor due out in 2011. Look for a public debut this summer, possibly in concept form at the Pebble Beach concours, where the British luxury maker is one of the featured companies as it marks its 90th anniversary. Details are scarce, though the teaser shows a lengthy hood, a prominent grille and big fenders--hallmarks of the Bentley line.