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Penske Seeking to Buy Saturn

Green Car Congress

and Penske Automotive Group confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the Saturn brand. General Motors Corp. Earlier post.)

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Wall Street Report

Plug In Partners

He yanked big engines out of American cars and replaced them with electric motors that worked in tandem with much smaller gasoline engines. He called his new configuration the "plug-in hybrid" because it allowed homeowners to recharge the car's batteries by plugging into an electrical outlet. Saturn and a 200-horsepower electric motor.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

Wired Home Subscribe Sections Cars 2.0 The Volt is, and always has been, more than than an electric car. Lutz, who retired earlier this year, called the car Detroits "moon shot" and an attempt to wrest the mantle of innovation back from the Japanese. The car is expected to cost around $40,000.

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