Video: Michigan Company Converts a '95 Saturn SL1 into an Electric Car

WILX News Channel 10 reports in this video segment about a Michigan company that is going into business converting used economy cars into electric vehicles. A gold Saturn was shown in the linked clip and others were flashed on the screen as future upcoming conversions. "This model will run anywhere from $15,000 to $20,000," said the station, "but it can be cheaper if you bring in your own car."

They call it a glorified golf cart. "The motor runs off 18 batteries." An electric car that could give your wallet a jolt. "This is a huge, huge money saver for people." Tom Nicholls has partnered with a manufacturing company to create an all-electric car that costs just 3 cents a mile to run. Compare that to nearly 20 cents a mile with gas and you've got some extra cash. So far, mechanics have put 500 man hours into converting a 1995 Saturn into an all electric ride. They've already bought a few more older cars, hoping interest will peak. The car uses no gas, emits no pollution, and it's pretty quiet.

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GM Announces New 4.9% Loan Financing for Up to 60 Months on Select 2008 and 2009 Saturns

General Motors today announced new reduced rate 4.9% APR financing on select Saturns, and rates as low as 0% APR for up to 60 months on other select new GM cars and trucks. The reduced rate financing is available to qualified buyers today through January 5, 2009 on many 2008 and select 2009 model year vehicles.