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GM Evaluating Offers for Saturn; Fiat Eyeing GM Europe in Addition to Chrysler

Green Car Congress

General Motors issued a short statement announcing that it is proceeding to the next step with respect to the sale of Saturn. A number of potential buyers have surfaced and expressed interest in the Saturn brand and retailer network.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. Saturn will remain in operation for the next several years, through the end of the planned lifecycle for all Saturn products.

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GM to consider offers for Saturn

Green Cars News

Having already taken the decision to close its Pontiac brand, General Motors has now announced that it will proceed with the sale of Saturn. In a separate story Fiat has said it will explore the possibility of merging its auto business and interest in Chrysler with GM Europe in an effort to create a large group worth more than $100billion.

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GM Advises Approximately 1,100 Dealers of No Long-Term Future in GM Dealer Network

Green Car Congress

In a statement issued today, GM also said that it will be updating about 470 Saturn, HUMMER and Saab dealers on the status of those brands and will be discussing how the remaining dealers will support our retail plans going forward. The actual number of dealers could vary given levels of attrition, etc. outside of GM’s control.

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Smart Move

Revenge of the Electric Car

and Chrysler Group LLC all have announced electric cars due out in the next few years.&#. and Chrysler Group LLC all have announced electric cars due out in the next few years. Smart brought in Lajdziak, the former chief of the Saturn brand for General Motors Co., Nissan Motor Co. in 2013, but Toyota Motor Corp. Ford Motor Co.

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Trainspotting

Revenge of the Electric Car

A little googling revealed that the local Chrysler plant had recently closed, and these folks were hoping to see it re-opened and used to build a new generation of electric cars. I haven’t heard about them since (though the former Saturn plant in the area is slated for Fisker ) but the image stuck with me.

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Non-core brand sales declined when compared with June as Pontiac dipped 7%; Saturn was down 21%, and HUMMER and Saab declined 26%. Chrysler Group LLC reported total US sales for July 2009 of 88,900 units, a decrease of 9% year-on-year, although up 30% versus June 2009. GMC sales increased 8%, led by Sierra, Canyon and Yukon XL.