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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

General Motors Corp. 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. Earlier post.)

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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. Tags: Brief. GM declined to comment on the prospects for a Fiat-GM Europe tie up.

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Remy to Supply HVH250 Electric Motors to Advanced Mechanical Products for EV Conversions

Green Car Congress

An HVH250 motor. AMP ) have signed a letter of intent for a potential long-term electric motor supply agreement. AMP will use the Remy HVH250 electric motors in their custom electric vehicle conversions. The first two vehicles available for AMP conversions are the GM Saturn Sky and the GM Pontiac Solstice. Earlier post.).

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

Plugs and Cars

LOS ANGELES (MarketWatch) -- General Motors Corp. (GM) Wagoner said GM is using the Saturn Vue hybrid sport utility vehicle to develop a plug-in hybrid, which can be re-charged from a standard electrical outlet, and will offer biofuel-capable Hummer SUVs. Tags: GM plug-in hybrid Saturn. for complete story: [link].

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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. Tags: Cars Latest news general motors Chrysler Fiat GM to sell Saturn Saturn. At this point, GM has declined to comment on a potential Fiat-GM tie-up.

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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. Tags: Brief. 2008 Malibu hybrid. Click to enlarge.