BLOOMFIELD HILLS, Mich.—-Penske Automotive Group, Inc. , www.penskeautomotive.com, an international automotive retailer, announced today that is has signed a Memorandum of Understanding with General Motors regarding the Saturn brand.

Penske Automotive Group, owned by racecar legend Roger Penske, will buy GM’s castoff brand.

A person briefed on the deal says General Motors Corp. will sell its Saturn brand to former race car driver and dealership chain owner Roger Penske.

FAIRFIELD, Calif.—-Copart, Inc. today announced the opening of a new facility in Warren, Massachusetts. This latest addition to Copart’s growing footprint marks the company’s third facility in Massachusetts and the 148th facility world-wide.

Energy legislation, stimulus benefits and rising interest in energy-efficient vehicles could prop up demand for natural gas vehicles, said an analyst on Monday who recommended key industry companies.

A delegation from Magna International , the Canadian company due to buy control of General Motors’ European operations, will tour Vauxhall’s two UK plants on Tuesday, the Financial Times has learned.

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