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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. Penske Automotive Group, Inc. Fritz Henderson.

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Penske Seeking to Buy Saturn

Green Car Congress

General Motors Corp. 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.

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SAE International selects GM’s Larry Nitz for Edward N. Cole Award for Automotive Engineering Innovation

Green Car Congress

He will receive the award during the SAE 2016 World Congress in April. He was deeply involved in developing clutch-to-clutch transmission controls for the Saturn Automatic and GM Allison transmissions used in Heavy Duty Trucks. Nitz, GM Executive Director, Global Propulsion Systems, is the winner of the Edward N.

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

Green Car Congress

General Motors has announced that there will be no retail production of the Chevrolet Malibu hybrid for model year (MY) 2010 due to “elevated inventory levels of the 2009 model.” The Malibu hybrid shares components with two other GM mild hybrids: the Saturn Aura and Vue hybrids. 2008 Malibu hybrid. Click to enlarge.

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GM boosting investment at Spring Hill by $167M for two future mid-size vehicles

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General Motors is adding a new $167-million investment in its Spring Hill assembly plant, brining the total spending on the plant to $350 million in support of two future mid-size vehicles. Timing and product specifications for both programs will be shared closer to start-of-production.

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GM to Debut Two-Mode Plug-in Hybrid Technology in New Buick Crossover in 2011; LG Chem to Supply the Li-ion Cells

Green Car Congress

The 8 kWh battery pack for the new 2011 Buick PHEV crossover vehicle is prepared for testing at the General Motors Tech Center in Warren, Michigan. General Motors will debut its two-mode plug-in hybrid technology—originally intended to appear first in a Saturn VUE, prior to that brand’s sale—in a new Buick crossover vehicle in 2011.

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GM announces three new recalls of ~1.55 million vehicles

Green Car Congress

As a result of new CEO Mary Barra’s request for a comprehensive internal safety review following the ignition switch recall, General Motors announced three separate recalls involving US production and sales of approximately: 303,000 Chevrolet Express and GMC Savana from the 2009-2014 model years with gross vehicle weight under 10,000 pounds.

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