article thumbnail

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.

Chrysler 150
article thumbnail

GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

As part of the new plan, GM will accelerate the wind-down or sale of HUMMER, Saturn and Saab to the end of 2009, and phase out Pontiac by the end of 2010. The revised plan moves up the resolution of Saab, Saturn, and Hummer to the end of 2009, at the latest.

GM 150
article thumbnail

Rebuilt Transmission Coming Tuesday

Porsche 914 EV Conversion

This will be a good time to get back into the swing of things since my girlfriend Krista is starting classes next week and the holidays are winding down. About a month ago, I sold my old '94 gasoline Saturn wagon and purchased an '03 Subaru Outback. The UPS tracking number concurs with this.

Saturn 100
article thumbnail

GM Previews First Two-Mode, Front-Wheel-Drive Hybrid Transaxle

Green Car Congress

At the recent SAE 2009 World Congress in Detroit, General Motors engineers presented the first front-wheel-drive (FWD) iteration of their two-mode hybrid transaxle, termed the 2MT70 ( earlier post ), scheduled for its first application in the Saturn 2009 VUE 2-Mode Hybrid light sport-utility vehicle later this year ( earlier post ).

GM 257
article thumbnail

GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

They only have that many models because they use the same chassis and drivetrain to build 3 different cars, one branded as a Chevy, the next a Pontiac, then a Saturn, etc. Ill never purchase one again, no matter what the mpgs. That way you have a fair basis of comparison, you know, apples to apples and all that jazz.

Volt 41