One of the provisions of GMs restructuring plan was to reduce its brands and focus on its core. As we heard yesterday, Saab was set free to attempt restructuring in Sweden’s courts. Hummer will be terminated or sold by the end of March, and Pontiac will be reduced to a niche brand.
Saturn too shall soon be shed. In a letter to dealers, GM proposed that Saturn dealerships could spinoff into an independent entity. They could then be free to source vehicles either from GM or other automakers.
So where does this leave the plug-in Saturn VUE program? We’ve been hearing about the car for some time and look forward to a nicely-styled SUV that could travel the equivalent of 10 miles electric range using a plug-in parallel hybrid drivetrain, have plug-in rechargeable lithium ion batteries, and get MPG estimates high in the double digits.
GM spokesperson Rob Peterson advised GM-Volt.com the following:
Saturn will remain in operations for the next several years through the planned lifecycle of it’s existing product line. As our viability plan showcased, we’re very committed to the electrification of the automobile and continue to develop several hybrid systems and vehicles including the Saturn Vue Plug-in Hybrid.
Plug-in Vue is currently set for 2011. We announced that the Vue launch was moved to 2011 earlier this year.
This entry was posted on Saturday, February 21st, 2009 at 9:43 am and is filed under Brand, Financial, PHEV. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.