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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.

Chrysler investigated after collapse of Getrag deal

The state of Indiana is investigating Chrysler LLC for securities fraud over the collapse of a joint venture with Getrag Transmission LLC. Jim Gavin, a spokesman for Secretary of State Todd Rokita, today confirmed a Kokomo Tribune report that said the investigation began two weeks ago. "There have been no complaints or allegations made," the paper quoted Rokita saying in a speech Tuesday.

BMW M3 GTS – more videos

The new BMW M3 GTS - more video On Wednesday we reported on the reveal of the BMW M3 GTS, a track-focused, stripped-out and lightweight BMW M3. It will deliver at least 450bhp from its 4.4 litre V8, all of which will be driven through the rear wheels by a 7-speed M Dual Clutch Transmission (M-DCT). Apart from the obvious orange paint job, the M3 GTS gets a very seventies looking rear wing bolted to the boot.