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

Green Car Congress

GM began contacting its dealers today regarding its long term planning, and is advising approximately 1,100 “ underperforming and very small sales volume US dealers ” that GM does not see them as part of its dealer network on a long-term basis. The actual number of dealers could vary given levels of attrition, etc.

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Chevrolet will NOT buy out Chevy dealerships if they don’t sell EVs

Teslarati

In recent years, General Motors brands Buick and Cadillac have announced that they will give dealers a buyout option if they are unwilling to sell electric vehicles. This has made many curious; what is GM’s plan for their dealership network? This has made many curious; what is GM’s plan for their dealership network?

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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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GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

General Motors presented an updated Viability Plan that accelerates and deepens the cuts in US brands and nameplates, dealers, manufacturing operations and employees intended to enable GM North America to breakeven (on an adjusted EBIT basis) at a US total industry sales volume of approximately 10 million vehicles.

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AMP Unveils Electric Version of GM Equinox; Secret Sauce is the Drivetrain

Green Car Congress

AMP ), a company engaged in the conversion of new vehicles to full battery-electric drive, unveiled its latest all-electric conversion platform, the GM Chevrolet Equinox. signed a letter of intent for a potential long-term electric motor supply agreement. AMP receives unhoused motors from Remy. Earlier post.). Steve Burns.

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