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

Green Car Congress

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. GM Spring Hill Manufacturing, home to the former Saturn brand from 1990 to 2007, operates as a fully integrated complex.

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EcoCAR 3 competition to use Chevy Camaro as base vehicle

Green Car Congress

General Motors is continuing its partnership with the US Department of Energy and Argonne National Laboratory for the EcoCAR 3 collegiate advanced vehicle technology competition. and will donate a Chevrolet Camaro to each one of the 16 universities that were recently selected for the exclusive competition.

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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.