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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. Earlier post.)

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Wall Street Report

Plug In Partners

He yanked big engines out of American cars and replaced them with electric motors that worked in tandem with much smaller gasoline engines. The current top seller is Toyota Motor Corp.'s Their first move with a Ford Motor Co. Saturn and a 200-horsepower electric motor. We broke the motor," he explains.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

" In other words, General Motors is going to lose its shirt until the Volt establishes itself in the marketplace. General Motors has sought $10.3 They only have that many models because they use the same chassis and drivetrain to build 3 different cars, one branded as a Chevy, the next a Pontiac, then a Saturn, etc.

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