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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 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. Of those, about 90,000 were used to repair older vehicles that were repaired before they were recalled in February.

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Tesla FSD fleet passes 1 billion-mile milestone

Teslarati

As per the electric vehicle maker, Tesla drivers have driven over 1 billion miles on FSD. That’s a cumulative number of miles that exceeds the distance between the Earth and Saturn. A graph shared by the electric vehicle maker hints that a big ramp in cumulative FSD miles was achieved in recent months.

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

Green Car Congress

General Motors is adding a new $167-million investment in its Spring Hill assembly plant, brining the total spending on the plant to $350 million in support of two future mid-size vehicles. A second mid-size vehicle program with an investment of $127 million that will create or retain approximately 800 jobs.

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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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BrightDrop: GM’s silent push into electric commercial vehicles

Charged EVs

Upcoming electric passenger vehicles and light trucks from GM get most of the attention, but its new commercial EV brand is a quiet and very serious push too. Many US drivers now have a vague idea that General Motors is doing something with electric vehicles. It will be used in more than a dozen vehicles to be sold in the US by 2025.