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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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Chevrolet will NOT buy out Chevy dealerships if they don’t sell EVs

Teslarati

In recent years, General Motors brands Buick and Cadillac have announced that they will give dealers a buyout option if they are unwilling to sell electric vehicles. However, according to The Verge , the same opportunity will not be available to Chevy dealerships.

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GM announces three new recalls of ~1.55 million vehicles

Green Car Congress

Unsold vehicles have been placed on a stop delivery until development of the solution has been completed and parts are available. million Buick Enclave and GMC Acadia models from the 2008-2013 model years, Chevrolet Traverse from the 2009-2013 model years, and Saturn Outlook from the 2008-2010 model years.

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

Green Car Congress

Saturn will remain in operation for the next several years, through the end of the planned lifecycle for all Saturn products. In the interim, if Saturn retailers or other investors present a plan that would allow a spin-off or sale of Saturn Distribution Corporation, GM would be open to any such possibility.

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AMP Unveils Electric Version of GM Equinox; Secret Sauce is the Drivetrain

Green Car Congress

AMP, which currently up fits Saturn Sky and Pontiac Solstice vehicles, is targeting the Nissan Leaf, with its 100 mile range, as its closest rival. AMP, working in conjunction with a local GM dealer, is taking orders for the electric Equinox now, and expects the fully-converted vehicle to be available for a June 2010 delivery.

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Junkyard Find: 2009 Suzuki Equator RWD Crew Cab

The Truth About Cars

It was available for the 2008 through 2012 model years, and fewer than 6,000 were sold during that span. Saab dealers were issued rebadged Trailblazers and Subaru Imprezas , because what the hell, and Saturn offered Opels that few wanted.

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General Motors presents viability plan

Green Cars News

The Pontiac brand will be phased out by the end of 2010 and GM will offer a total of 34 nameplates in 2010, down 29 per cent from the 48 available in 2008. This revised plan also moves up the resolution of Saab, Saturn and Hummer to the end of 2009 at the latest. -