Subaru Impreza 2006 Speedometer [0061400] on 2040-parts.com

Penske Automotive will buy Saturn from GM

IndyCar team owner and Detroit businessman Roger Penske has an agreement with General Motors to buy the Saturn brand, it was announced Friday. The proposed deal could close in the third quarter, and GM would continue to build the Saturn Aura, the Vue and the Outlook on a contract basis for Penske Automotive Group, which is the nation

Bentley Continental GT V8 flies through the skies of Munich: Video

Bentley showed off its new V8 Continental GT in Munich on Wednesday, picking up its luxury coupe with a Skycrane helicopter and dropping it off at SkyLounge, an exclusive space for events that is perched between two buildings in the city's downtown. The launch party included 300 VIP guests. “A dramatic car got the debut we felt it deserved, and we took a little bit of our inspiration from Bentley's iconic ‘Winged B' emblem,” said Klaus Becker, general manager of Bentley Munich, who organized the helicopter lift.

Ford cuts CEO's compensation 37%

Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.