Vue 2-Mode, Spring Hill Plant May Not Survive GM Cuts

Sam Abuelsamid from AutoBlog: General Motors chief financial officer Ray Young held a conference call with bloggers to discuss the announcements made by CEO Fritz Henderson this morning. With whole brands and car lines being terminated in the coming months, it's clear that many more plants will be closed, but no further details have been announced. With the demise of the Saturn Outlook, it seems probable that either the Delta Township plant in Michigan or the Spring Hill Tennessee plant will be shuttered and the production of the other three Lambda CUVs consolidated in one facility. On the subject of product lines from the defunct brands, Young made it clear that none of the existing models would be ported over to the remaining four brands. That means cars like the Pontiac Solstice and Saturn Sky are finished forever. The same fate awaits the Saturn Vue and its two-mode hybrid variant that was scheduled to launch this summer. Young wouldn't get into details, but the technology will almost certainly be transferred over to the Chevy Equinox and GMC Terrain.

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Mysterious Ohio Based Investment Group Arises as a Potential Buyer

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Update on May 7th: Leading negotiations for this group is Gary Marvicsin. Detroit News reports that he is employed in the auto industry.

Detroit News reports that there is a mysterious Ohio based investment group interested in acquiring Saturn. Unlike the other interested buyers, this group has developed a concept to keep the company domestically based. According to the article, the group is interested in purchasing domestically abandoned manufacturing plants to produce Saturns. Chrysler plants that are targeted to close due to bankruptcy troubles were specifically mentioned. The group wants to continue to employee UAW workers at these plants. While recognizing the high costs associated with employing union workers, such as benefits and pensions, the group believes that it is the right move for two reasons.