General Motors has reached an agreement to sell its Saturn brand to Penske Automotive Group. This transaction, when complete, will save more than 13,000 U.S. jobs. According to the agreement, Penske would get all 350+ of the brand’s dealerships, the rights to its name and logo, as well as continued production of the Aura, Vue, [Read More]

With its June 1 deadline to complete its restructuring inching closer, General Motors is moving fast to rid itself of some dead weight. So far GM wants to let go Saturn, HUMMER and Saab, with the intention to kill off Pontiac. It has began taking bids for both Saturn and Saab. There is a report [Read More]

In its press conference held on Monday, CEO Fritz Henderson said General Motors plans to building Saturn vehicles by the end of this year, two years earlier than originally planned, as it speeds up efforts to shed dealerships and divisions. The Saturn brand may still survive if GM can sell it to another automaker or [Read More]

We reported earlier that Saturn was to follow Saab’s lead and Separate from GM rather than being dissolved (see here). GM has revealed that Telesto Ventures, a consortium that includes a company called Black Oaks and some of Saturn’s dealers, is interested in buying its Saturn brand. Telesto wants to acquire Saturn’s retail operations and [Read More]

In the tussle resulting from GM’s restructuring, Saturn was left with nowhere to go but to its demise. But news comes in that the Saturn brand will follow Saab’s lead and separate from GM. An official announcement is expected to be made in three weeks, or about halfway through GM’s 60-day extension to rework its [Read More]