The sale of Saturn to Nissan-Renault could see cars like this Mégane Renault Sport roaming U.S. streets.

The rumor mill keeps churning out new and exciting candidates interested in buying GM’s Saturn brand. The most recent speculation is that Nissan/Renault might be interested.

The Wall Street Journal is reporting the Nissan-Renault interest in Saturn, while Bloomberg says that company may team up with the Penske Automotive Group (rumored yesterday to be an interested party) to take over the brand.

With Nissan struggling worldwide the thought of such a buy seems unlikely and yet it may pave the way for Renault to bring its lineup of fuel-efficient compact cars to North America. Currently the Saturn brand has 400 dealerships in the United States and Canada that could be used to distribute Renault products like the Clio and Megane… or even performance versions like the 250hp 2.0-liter turbocharged Mégane R.S. (shown above).

While French vehicle might not normally be attractive to North American consumers, the Renault brand has a strong awareness with younger consumers due to the Gran Turismo video game series.

Under the latest General Motors viability plan, Saturn is scheduled to be sold by the end of the year.Currently GM says that is has several offers, the most recently publicized ones being from Penske Automotive Group and Telesto Ventures, which would transform the Saturn dealership network into a retail chain selling several brands of foreign-made cars.

[Source: AutomotiveNews]

After recently launching the new Mégane model, Renault brought its powerful sibling, the Mégane R.S. (Renault Sport) to the Geneva Auto Show. 

Powered by a new 2.0-liter turbocharged four-cylinder engine, the R.S. makes 250hp at 5500 rpm and 251 ft-lbs of torque at 3000 rpm. This is an increase of 20hp and 29.5 ft-lbs of torque over the highly acclaimed R26.R. As well as being a great performer, the car is also good around town with plenty of immediate torque – Renault says that 80 of peak torque is available at just 1800 rpm.

As expected, the new R.S. will be offered with only a six-speed manual transmission. Two trim levels can be ordered, the Sport and the Cup, which features a limited-slip differential. The R.S. is equipped with a stability control system, however, it can be shut completely off.

From the outside, the car is immediately distinguishable by its 18-inch wheels, rear diffuser and Lambo LP640-style central exhaust pipe.

Inside, the car gets aluminum pedal covers, a sport steering wheel, Renault Sport lettering on the headrests, gauges and dashboard. It also comes with a gear-shift indicator that is both visual and audible.

GALLERY: Mégane R.S. 

More on the Mégane R.S. after the jump:

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