On the Auction Block: The Last Saturn Ion

On the Auction Block: The Last Saturn Ion

General Motors is reportedly gearing up to auction off "about 100 of its prized antique and show cars to raise cash and trim warehousing costs," according to a story in Sunday's Los Angeles Times. A check of the Barrett-Jackson website shows three historic Saturn vehicles going on the block this Thursday. The vehicles are in addition to the nine classic Saturns auctioned earlier this year. Among the latest Saturn for sale include this 2007 Saturn Ion - the last Ion ever built in Spring Hill, Tennessee. It features a 2.2 liter Ecotec engine with automatic transmission and Goodyear 195x60x15 tires. You can bid on this Saturn, and other vehicles from General Motors' prized "Heritage Collection," by following the instructions posted on the Barrett-Jackson website.

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GM Announces Significant Production Cuts for Q1 2009

General Motors announced today a significant reduction of planned production for the first quarter of 2009 due to the ongoing and severe drop in industry sales, which were down 36% in November overall and 41% for GM (2007 vs. 2008). The impact of these and recently announced actions to adjust production with market demand, will result in the temporary idling of approximately 30% of GM's North American assembly plant volume during the first quarter of 2009 and will remove approximately 250,000 units from production.