New GM CEO Not Fazed by Future Competition from Saturn Brand, Peugeot Cited As Potential Partner

Automotive News recently talked with GM's new CEO, Fritz Henderson, about the state of General Motors and how he plans to fulfill the restructuring demands made by the Obama administration. While most of the interview focused on the company's new so-called core brands, the UAW, and it bloated dealership body, Henderson did discuss Saturn's desire to be spun-off, becoming independent of GM.

"We're supporting that process because these are good dealers, very good dealers," he said. When asked if he realized that those very same retail facilities could "be easy entry into the U.S. market for a foreign brand" — possibly Peugeot according to AN — he said he wasn't fazed at all. "There's lots of competition."

No other information was provided about the possible Saturn spin-off. An official announcement is expected before the end of the month, with some rumors suggesting one could come as early as this Friday.

Source: Automotive News

Random Article from the SaturnFans.com Archives

Aura Concept Demonstrates GM's Fuel Saving HCCI Engine Technology

Saturn Aura HCCI Concept Vehicle

General Motors recently demonstrated its progress on developing a future advanced engine technology for consumers that squeezes more miles per gallon of gas and reduces emissions. GM engineers have brought the advanced combustion technology from the laboratory to the test track and, now, to the highway in a driveable concept vehicle - a Saturn Aura equipped with homogeneous charge compression ignition (HCCI).