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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. GM declined to comment on the prospects for a Fiat-GM Europe tie up.

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

Green Car Congress

GM is recalling 656 model year 2014 Cadillac ELR vehicles not equipped with adaptive cruise control and manufactured 26 September 2013 through 14 February 2014, and equipped without Adaptive Cruise Control. NHTSA Campaign Number: 14V-144; GM’s number for this recall is 14087.). The recall is expected to begin on April 17, 2014.

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

Green Car Congress

Located 40 miles south of Nashville, GM Spring Hill Manufacturing operates as a flexible-assembly plant, capable of building a variety of products on a range of platforms. Chevrolet Equinox production began at the site in the third quarter of 2012 to meet growing consumer demand and support GM’s Canada operations.

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

Green Car Congress

Nitz, GM Executive Director, Global Propulsion Systems, is the winner of the Edward N. He will receive the award during the SAE 2016 World Congress in April. Nitz leads GM’s Global Transmission and Electrification team, with engineering operations in North America, Europe, South America and Asia. Established in 1978, Edward N.

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GM announces three new recalls of ~1.55 million vehicles

Green Car Congress

GM is aware of two engine compartment fires in unsold vehicles at dealerships and two cases of melted components. million Buick Enclave and GMC Acadia models from the 2008-2013 model years, Chevrolet Traverse from the 2009-2013 model years, and Saturn Outlook from the 2008-2010 model years. —Mary Barra.

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