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Penske Backs Out of Saturn Deal; Brand to Wind Down

Green Car Congress

(PAG) has terminated its discussions with General Motors Company to acquire the Saturn brand, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM. Today’s disappointing news comes at a time when we’d hoped for a successful launch of the Saturn brand into a new chapter.

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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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Toward a Plug-in Hybrid Saturn Vue

Plugs and Cars

GM today announced two contracts to "design and test lithium-ion batteries" for use in the Saturn Vue Plug-in Hybrid announced last month at the LA Auto Show. Johnson Controls/SAFT, the huge battery company at which President Bush first publicly announced his support for plug-in hybrids, received one contract.

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GM recalling 656 Cadillac ELR extended range electric vehicles over calibration of Electronic Brake Control Module

Green Car Congress

Meanwhile, GM has decided to replace the ignition switch in all model years of its Chevrolet Cobalt, HHR, Pontiac G5, Solstice and Saturn Ion and Sky in the US, since faulty switches may have been used to repair the vehicles. About 95,000 faulty switches were sold to dealers and aftermarket wholesalers.

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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. Reports in the Detroit News suggest that GM would have a stake in the new company grouping Fiat, Chrysler and GME operations if the deal goes through.

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EcoCAR 3 competition to use Chevy Camaro as base vehicle

Green Car Congress

For EcoCAR 2: Plugging In to the Future, GM donated Chevrolet Malibus; for EcoCAR: The NeXt Challenge, GM donated Saturn Vues; and for Challenge X: Crossover to Sustainable Mobility, the company donated Chevrolet Equinoxes.

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GM Suspending 2010 Malibu Hybrid Production; Next-Generation Li-Ion Mild Hybrid Expected for 2011

Green Car Congress

Service and warranty of existing Malibu hybrids will be unaffected by the decision, as the company has an adequate supply of replacement components, including the 36/42V battery packs. The Malibu hybrid shares components with two other GM mild hybrids: the Saturn Aura and Vue hybrids.