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Volvo and Pininfarina to end their Swedish joint venture for the C70

Volvo Car Corp. will take full ownership of a Swedish car assembly joint venture that it started eight years ago with Italy's Pininfarina S.p.A. Volvo said it will assume responsibility for Pininfarina Sverige AB and its operations in Uddevalla, Sweden, in May 2013.

Peugeot SR1 concept

Well ahead its anticipated debut at the 2010 Geneva motor show, Peugeot has released renderings of the SR1, a new 2+1 concept which showcases the stylistic design direction of the brand's future models. The hardtop convertible concept car is said to embody the new world of Peugeot, reflected by the new Lion badge which adorns its sculpted hood. Designed to explore and reinterpret the 'Grand Touring car' theme, with a long, sculpted hood, flowing body panels made of carbon and a very low center of gravity, the aesthetic traits of the SR1 are claimed to renew Peugeot's strong stylistic identity and create a new design language.

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.