Toyota is known to be developing a strategy that uses the Prius name as a brand for an upcoming family of hybrid vehicles. It is believed a sports coupe and MPV will eventually be produced under the brand. Toyota hopes to profit by leveraging the popularity of the car and its recognition for fuel [...]
For a long while we have been under the assumption that the Saturn brand would live on under the ownership of the Penske Auto Group. We even heard about a new philosophy about sourcing cars people want from various different vendors, even electric ones.
Well, it looks like none of that is going to happen.
GM issued [...]
On Friday, GM announced that it had chosen an Orion Township Michigan assembly plant as the location it would build a new upcoming subcompact car. Stamping for the car would be done in Pontiac Michigan. The move takes this future vehilce away from China where it was originally planned to be built. The move stateside [...]
Months prior to GM going into bankruptcy proceedings, the company had stated its intentions to sell Saturn, Saab, and Hummer while ending the Pontiac brand.
Since June 1st the sell off has been happening fast and furious. First we heard that Tengzhong of China will buy Hummer, then it was reported that Penske Automotive plans to [...]
GM’s successful restructuring hinges upon the ability to focus on its four core brands. Since the bankruptcy filing, GM has already announced it is in the late stages of selling the Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Company Ltd of China.
Today they have announced that they have a proposed contract with the [...]
It has recently been disclosed that GM is in advanced talks with Chinese heavy equipment manufacturer Sichuan Tengzhong to purchase the Hummer brand. Shedding Hummer has been an important aspect of GM’s reorganization plan to be able to bring the automaker down to its four core brands, Chevrolet, Cadillac, GMC, and Buick.
Much has been [...]
GM first announced its intentions to build a plug-in hybrid Saturn VUE in late 2006, months before revealing the Volt concept. All along we have heard development of those plug-in VUEs has continued and remains on track. Although initially launch was expected in early 2010, the most recent plans state the car would [...]
As many are aware, the Saturn brand is on the list of items that GM must shed to become viable. GM has only agreed to support a product line though 2011 and encourages the possibility of spinning off the brand to investors.
Reports have surfaced including an acknowledgment from GM that a group of investors led [...]
If at this point any doubts remain, US Treasury Secretory Timothy Geithner went on CBS’ Meet the Press on Sunday and proclaimed “GM is going to be part of this country’s future.”
“We want to see a strong automotive industry emerge from this recession,” he said, also indicating the government needs to assure that GM “can [...]
Spyphotos of a next generation Buick Excelle undergoing testing have surfaced. Reportedly this is a new-version Buick built on the same compact Delta platform that the Chevy Cruze and Chevy Volt are.
It is conjectured that this vehicle could become an extended-range electric car as well since it already has the proper architecture.
We have been told [...]
From the beginning GM has said the extended-range electric car platform of the Chevy Volt will be globally produced. At this point GM has publicly revealed the portfolio of 4 brands of electric cars the world will receive.
1. The Chevrolet Volt
This we know will appear in the US in 2010. GM has stated [...]
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 [...]