Home » World Cars » Saturn

GM Getting Back in the Groove

July 22nd, 2010 | admin | 0 Comments »

General Motors now believes they have enough government loans to get them beyond their worst-case scenario. Should the economy not get any worse, the Detroit-based automaker will not ask for more bailout loans at a later date. Currently, the US Treasury has authorized $13.4 billion to the Big 3 manufacturers. The first $4 billion was [...]

GM and Penske announce tentative deal for purchase of Saturn

July 22nd, 2010 | admin | 0 Comments »

Saturn has become the third General Motors brand to find a buyer after Opel and HUMMER. The Penske Automotive Group (PAG) headed by Detroit business tycoon Roger Penske is the successful bidder that outdid 15 others in the race to acquire the 24 year-old brand. This is a 100% ownership deal for PAG. GM will [...]

GM to close Saturn after Penske pulls out of deal

July 22nd, 2010 | admin | 0 Comments »

General Motors has announced that they will close Saturn after the Penske Automotive Group pulled out of negotiations for the brand.  Closing Saturn will result in the loss of 13,000 jobs, and could mean the shuttering of 350 dealerships. The decision stunned employees and dealers who were unaware of any problems in the ongoing negotiations. [...]

Saturn Vue-Based Plug-In Hybrid Prototype/Mule Spied

July 22nd, 2010 | admin | 0 Comments »

Spies in Michigan managed to secure a new set of photos featuring the Saturn Vue plug-in hybrid prototype.  The vehicle looks to have a plug-in port covered up in tape right in front of the left-hand side door, and features a Saturn grille; something we thought would be long gone on test vehicles. If it [...]

1