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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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GM Evaluating Offers for Saturn; Fiat Eyeing GM Europe in Addition to Chrysler

Green Car Congress

General Motors issued a short statement announcing that it is proceeding to the next step with respect to the sale of Saturn. A number of potential buyers have surfaced and expressed interest in the Saturn brand and retailer network. GM declined to comment on the prospects for a Fiat-GM Europe tie up.

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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. Tags: Brief. General Motors Corp.

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

Green Car Congress

The Malibu hybrid shares components with two other GM mild hybrids: the Saturn Aura and Vue hybrids. GM’s next-generation mild hybrid system, which was announced in 2008 ( earlier post ), is scheduled to debut in MY 2011, powered by a lithium-ion battery from Hitachi Vehicle Energy Ltd (HVE). Tags: Brief. Jack Rosebro.

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Toward a Plug-in Hybrid Saturn Vue

Plugs and Cars

GM today announced two contracts to "design and test lithium-ion batteries" for use in the Saturn Vue Plug-in Hybrid announced last month at the LA Auto Show. According to the press release, two variants of Lithium batteries will be "evaluated in prototype Saturn Vue Green Line plug-in hybrids beginning later this year."

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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 to consider offers for Saturn

Green Cars News

Having already taken the decision to close its Pontiac brand, General Motors has now announced that it will proceed with the sale of Saturn. GM has now issued a short statement outlining that it will review the expressions of interest and will look to secure an agreement with a specific buyer later this year.

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