Smart Distributor Reported to Have Won Bid for GM's Saturn Brand

The Penske Automotive Group, a car retailer that operates mostly in the U.S. and the UK and has the distributing rights for Daimler's Smart cars in the States, is the winning bidder for GM's Saturn unit, Bloomberg reported Friday morning. Citing a an unnamed source close to the negotiations, the news agency said that Penske will pay a price of $100 million to $200 million and that the deal

BREAKING: GM Confirms Penske as Saturn Buyer, Says Production of Aura, Vue and Outlook Will Continue

Confirming an earlier report this morning, General Motors has announced that it has reached a preliminary agreement with Penske Automotive Group for the sale of the Saturn brand. The financial terms of the deal were not disclosed but GM said that it expects the close the transaction in the third quarter of this year. The American automaker said that if completed, the deal will save more

2010 Opel Astra Interior Unveiled: New Gallery with 45 High Res Photos

Opel and its sister company Vauxhall have published the first interior photos of the all-new, sixth generation Astra, which is due to make its world debut at this September's Frankfurt Motor Show and reach European showrooms by late this year. Along with the interior shots, the German automaker also issued a new set of studio photos as well as sketches of the Astra that show the evolution

GM Kills Buick Vue SUV before it's (Re)Born after Negative Feedback

Only two weeks after announcing the rebirth of the Saturn Vue as a Buick that would also be offered as a plug-in hybrid, General Motors revealed that the compact SUV has been canned. The news was broken by GM's Vice Chairman Tom Stephens on Wednesday in a posting on the company's official blog. Stephens said that GM decided to cancel plans for the rebadged Vue after negative feedback about

BREAKING: Penske Terminates Discussions with GM on Saturn After Failing to Agree with Third Party Automaker

This just in; Saturn will soon be history as Penske Automotive Group (PAG) announced today that it has ceased discussions with General Motors to buy the nameplate, ultimately sealing the fate of the brand. The automotive retailer said that it terminated the talks not because of a disagreement with GM, but due to concerns related to the future supply of vehicles beyond the agreed period it

GM Slashes Prices of Remaining Pontiacs and Saturns by up to 46%

If you ever wanted to buy a Pontiac or a Saturn and you don't mind that both brands will soon pass into the books of history, now's the time as General Motors is offering dealers huge incentives to move a few thousand leftover vehicles from the two discontinued marques, the Wall Street Journal reported today.According to the paper, the Detroit automaker sent a letter to dealers on December

GM Recalling Over 1.5 Million Vehicles Worldwide for Fire Danger

A massive recall is underway for numerous General Motors cars and trucks sold globally over a glitch in the wind shield wiper fluid heating system that could ignite a fire. The recall concerns a total of 1.53 million Buick, Hummer, Cadillac, Chevrolet, GMC and Saturn models, with 1.36 million of those sold in the U.S.The National Highway Traffic Safety Administration said on its Web site

Saturn Astra, 2008

Saturn Astra, 2008Saturn announced the addition of the all-new 2008 Astra to its lineup, bringing a decidedly European flavor to the North American compact car market. It is packed with a wide range of standard equipment and safety features, and delivers sporty performance with very good fuel economy.Product highlightsSaturn offers two trim levels (XE and XR) for five-door models, and a single