Remove Dealers Remove Motor Remove Saturn Remove Wind
article thumbnail

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. Pursuant to the terms of those agreements, the wind down process will be determined and communicated shortly.

Saturn 218
article thumbnail

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.

Dealers 150
article thumbnail

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. Fritz Henderson.

GM 150
article thumbnail

GM Previews First Two-Mode, Front-Wheel-Drive Hybrid Transaxle

Green Car Congress

General Motors 2MT70 FWD two-mode hybrid transaxle, as seen from. Design parameters of the current design include a 50% improvement in EPA composite fuel economy as compared to a conventional Saturn VUE, as well as a 7.5 Motor-Generators. engine side. Click to enlarge. second acceleration for the baseline vehicle.

GM 257
article thumbnail

Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Electric car supporters are rising to defend General Motors’ development of the Chevy Volt after the Obama Administration’s automotive task force proclaimed that the car was probably too expensive to be commercially successful in the near future. April 18, 2009 1:40 am Link I drive a Saturn SL1 that has over 300K miles on it.

Volt 42