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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.

Kia GT and Provo look to be heading in to production

The recent Kia Provo Concept and the impressive Kia GT look like they’re heading in to production as Kia move upmarket. Equally, the stunning Kia GT concept we saw at 2 years ago at Frankfurt  - a swoopy coupe Kia take on the Mercedes CLS – was equally convincing, although we’d begun to think Kia had gone cold on the idea of putting the Kia GT in to production. But Auto Express are reporting that both the Provo (with a change of name ) and the GT are close to being signed off for production after a conversation with Benny Oeyen, Kia’s marketing boss in Europe.

Honda readies its jet airplane -- for real this time

Honda would like to remind you that while journalists have spent the last few years fretting whether the Big H has "lost its way," the company has quietly launched, shelved, resurrected, and all but waited out its plan to dominate the business-jet skies, which we are to assume are less friendly than United's. The HA-420 HondaJet has been kicking around for more than 10 years now, but the very first production-ready plane just rolled off the assembly line in Greensboro, N.C., this week -- and, Honda promises, the $4.5 million business jet should be delivered in the second quarter of next year. Honda began taking orders for the jet in 2006, but the long recession squashed the market for private jets.