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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.

VW Phaeton returning to America as early as 2018

Though the Volkswagen Phaeton -- the brand's range-topping, understated luxury sedan -- disappeared from the United States market in 2006, never actually died. The tech-laden luxobarge is still offered overseas, and it has seen a number of revisions and updates since it was last offered here. Of course, much more has changed since 2006 than the Phaeton's front fascia.

BMW M3 Lime Rock Park Edition set for fall

The current generation of the BMW M3 has been with us since 2007. As it nears a refresh, the company built a limited run of 200 special M3 coupe Lime Rock Park Edition cars to celebrate the racetrack in Connecticut. Skip Barber, owner of Lime Rock, and BMW collaborated on the vehicle, which will only come in what BMW calls fire orange.