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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. The company had negotiated a definitive agreement with GM to source vehicles on a contract-manufactured basis for a period of time.

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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. Cadillac was the first GM brand to offer dealers a buyout option if they were unwilling to invest in sales electrification and its associated investments.

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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. GM will notify owners, and dealers will recalibrate the Electronic Brake Control Module (EBCM), free of charge.

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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. Fritz Henderson.

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Analysis: What’s the Best Way to Market EVs?

Clean Fleet Report

Harley-Davidson, the legendary and revered American manufacturer of motorcycles, announced that it is establishing LiveWire as a separate electric motorcycle brand on July 8,2021, just in time for the first of nine outdoor International Motorcycle Shows. Each manufacturer has to decide which way works for them. Not an H or D in sight.

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

Green Car Congress

The AMP Equinox features dual Remy motors—the same model used in the GM two-mode hybrid system—applied in an AMP-manufactured drivetrain that is the “ secret sauce ” for the converted vehicle, according to Steve Burns, AMP’s CEO. With its 37 kWh Li-ion pack, range is 150 miles (241 km). Close-up of the drive system showing gearing.

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

GM dealers delivered 189,443 total vehicles in July, a 19.4% Non-core brand sales declined when compared with June as Pontiac dipped 7%; Saturn was down 21%, and HUMMER and Saab declined 26%. On 27 July, Chrysler restarted production at 9 of its 11 manufacturing facilities. Monthly sales of hybrids. Click to enlarge.