General Motors Corp. has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske.
Penske would get Saturn’s dealership network, which consistently has scored highly in customer satisfaction surveys for its no-haggle policy. There are about 400 Saturn dealers nationwide.
Penske has said his company, Penske Automotive Group Inc. of Bloomfield Hills, Mich., is interested in the Saturn brand and intended to make an offer.
Penske Automotive Group also distributes …Â Details
Famous motorcycle builder and all-around celebrity Jesse James plans to attempt a new world record top speed run for a hydrogen-powered vehicle later this month on a dry lake bed somewhere in California. The actual car being used is a former land speeder called the Dees-Milodon Engineering-Davis B Streamliner, which had previously attained speeds as high as 237 miles per hour at Bonneville.
Replacing the car’s old Chrysler powerplant will be a brand new 572 cubic inch Chevy crate motor that’s been converted to run on gaseous hydrogen and is force fed by twin turbochargers that add 50 pounds of boost. The fuel will be stored in 10,000 psi tanks …Â Details
A 1936 Bugatti Type 57C coupe, built as a gift for Ettore Bugatti, will be on the block at Gooding & Co.’s auction during the Pebble Beach Concours d’Elegance this August.
Auction officials say they think this special Bugatti could break the record for the most expensive car sold at an auction, topping the $12.2 million paid recently for a 1957 Ferrari 250 Testa Rossa.
The Bugatti is in great condition, as the factory took pains to protect it from damage during World War II. Even though Ettore died in 1947, the Bugatti factory maintained the car and upgraded some of its components. The factory finally sold the car in 1950, and…Â Details
Jesse James’ new stunt series is alive and kicking on Spike TV, with a premiere episode that set new ratings records for the network.
“Jesse James Is a Dead Man” debuted Sunday night at 10 p.m. and drew the largest audience ever for an unscripted Spike TV series. “Dead Man” was seen by 2 million viewers — including 900,000 among the network’s target demo of men 18-49.
In the premiere episode, the former “Monster Garage” personality rode a 1,000-horsepower motorbike powered by highly combustible nitromethane fuel…Â Details