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

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GM Will Apply Plug-in Hybrid Technology To One of Its Remaining Four Core Brands, Delivery Still in 2011

Green Car Congress

Prototype Saturn Vue PHEV plugging in to a Coulomb Chargepoint ( earlier post ) in San Jose, CA. In a post on GM’s FastLane blog, Vice Chairman Tom Stephens said that the company will apply plug-in hybrid technology to one of the four core brands remaining after the restructuring: Chevrolet, Cadillac, Buick and GMC. Click to enlarge.

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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. Mark LaNeve, GM Vice President of Sales Service and Marketing.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. In the US, GM will focus on its core brands; Chevrolet, Cadillac, Buick and GMC. million units (57.5

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GM Simplifies the Two-Mode Hybrid Transmission, Maintains Functionality for FWD Application

Green Car Congress

GM has simplified the two-mode hybrid system for application in front-wheel drive vehicles—the Saturn VUE being the first instance ( earlier post )—while retaining its functionality and capability, according to Mark Selogie, Senior Manager Power Electronics, GM Powertrain, speaking at the SAE Hybrid Symposium in San Diego (11-12 Feb).

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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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Plug-ins to play part in GM future

Green Cars News

In an online blog, General Motors’ (GM) vice chairman Tom Stephens stated that the company will apply plug-in hybrid technology to one of its four core brands followings its’ restructuring. The company will be divided into Chevrolet, Cadillac, GMC and Buick following the decision to close Pontiac and sell Saturn.

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