GM to shut down Saturn after-all
US based automaker General Motors has announced that they are going to shut down their Saturn brand.
This decision was taken after talks with Penske Automotive Group fell apart.
Penske Automotive Group was in talks with GM to acquire the Saturn brand from them.
Roger Penske discarded the talks after [...]
Chevrolet Malibu Hybrid discontinued
Wall Street Journal has reported that GM is not going to manufacture the 2010 edition of Chevrolet Malibu Hybrid due to poor response to this model.
GM has been focusing on expanding their hybrid car range but they have decided to scrap the next update to this model as the current model is [...]
Penske Automotive Group acquiring Saturn from GM
US based auto giant GM has announced that they are now going to sell their Saturn brand to Penske Automotive Group.
Penske Automotive Group chairman Roger Penske is one of the biggest automobile dealers in the US market.
The two companies did not reveal the financial aspects of this deal. [...]
Saturn brand being eliminated by GM
US based automaker GM has announced that they are killing their Saturn brand.
The company also said that they are going to reduce their focus on the Pontiac brand.
GM said that their existing Saturn dealerships would be closed by 2011.
They are not going to launch any more models [...]
GM to consolidate dealership network to cut costs
US based automobile industry giant GM has said that they are considering plans to speed up consolidation of dealerships offering their various brands to cut costs.
They are struggling to compete against the likes of Japanese automakers in their domestic market and have been taking serious steps to enhance [...]
