Penske calls off Saturn deal, brand will close

IndyCar team owner and dealer magnate Roger Penske will not buy Saturn and the brand will be shuttered, General Motors said Wednesday. GM said Penske called off discussions after failing to line up more future products. Penske had been in talks with Renault for vehicles.

De Tomaso sold by Rossignolo

De Tomaso sold to unknown investors De Tomaso – the ill-fated Italian supercar maker – has been sold by Gian Mario Rossignolo after a financially fraught revival attempt. De Tomaso seems fated to lurch from one financial crisis to another – as it has throughout its history – with the latest efforts by former Fiat executive Gian Mario Rossignolo to revive the marque floundering for investment. And it looks like Rossignolo has given up the fight and sold out to unnamed investors.

Range Rover Evoque Convertible Concept (2012)

Land Rover is exploring a convertible version of the Evoque, and will make a production decision ‘within six months’. Design director Gerry McGovern unveiled the ‘fresh out of the workshop’ concept at Pinewood Studios today (February 24); the car will make its public debut at the Geneva show in March. The Evoque convertible concept has a powered soft-top roof with a glass rear screen, which stows in a recess below the rear deck.