Saturn Closing

Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

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Penske Automotive Group today announced that it has terminated its discussions with General Motors to acquire the Saturn brand, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM.

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VTi Role Reduced in Saturns for 2005

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If recent rumors prove to be true, Saturn will be significantly reducing the number of VTi CVT transmissions it plans to sell in 2005 by eliminating the availability of the transmission in its Ion lineup and by offering the transmission in one model of the Vue.