Spring Hill Hopeful About Its Future, Saturn Will Continue to Have an Active Presence at Complex

Mike O'Rourke, president of UAW Local 1853, via the Tennessean: What we factually know is that the Spring Hill Manufacturing facility has been placed in GM's good-asset inventory and that, as of today, the Chevrolet Traverse, which currently is built in Spring Hill, is scheduled to move to Michigan in November. When the Spring Hill plant stops production of the Traverse in late November, our facility will still be producing engines in our powertrain building and stamping metal fabrication parts in our body systems building for other facilities. The Saturn service parts and warehousing will also be in operation.

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Former Chrysler Executives Involved in Bidder Efforts to Save Saturn

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Last week, Penske Automotive Group disclosed to the media that it had secured former Chrysler President, Tom LaSorda, as an advisor for the deal. Similar news was unveiled yesterday by Telesto Ventures. The investor group has hired a team of advisors which are all, oddly enough, former executives at Chrysler. According to Telesto's CEO, John Pappanastos, "The Saturn brand has the opportunity to serve a significant role in transforming the auto industry. We have carefully selected a team of proven innovators who not only bring powerful thinking to the table, but also the critical execution skills that have enabled us to make significant progress in such a short amount of time."