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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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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 Suspending 2010 Malibu Hybrid Production; Next-Generation Li-Ion Mild Hybrid Expected for 2011

Green Car Congress

General Motors has announced that there will be no retail production of the Chevrolet Malibu hybrid for model year (MY) 2010 due to “elevated inventory levels of the 2009 model.” The Malibu hybrid shares components with two other GM mild hybrids: the Saturn Aura and Vue hybrids. 2008 Malibu hybrid. Click to enlarge. Jack Rosebro.

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GM's CEO Waggoner Announces Saturn Plug-in Hybrid; Bio-fuel Hummer

Plugs and Cars

1 auto maker is accelerating its efforts to meet the challenge by being the first to offer a plug-in hybrid and by expanding its production of biofuel vehicles. He said "energy and environmental leadership" is a key part of GM's ongoing turnaround plan. Tags: GM plug-in hybrid Saturn. for complete story: [link].

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

Green Car Congress

Timing and product specifications for both programs will be shared closer to start-of-production. The new programs will add to existing manufacturing operations at the site that include vehicle assembly, stamping, engine and component parts production.

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ISU study finds large potential for biobased materials in auto industry, but with challenges

Green Car Congress

Their report, “Biobased Automobile Parts Investigation”, was developed for the USDA Office of Energy Policy and New Uses. Because SUVs and trucks have a large number of parts, the authors suggested, they are good candidates to be the vehicle types with the largest amount of biobased material on a part number basis. Durability.

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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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