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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Battery Supplier Issue Plauges Saturn, GM Hybrids

TheCarConnection reports that troubled battery maker Cobasys threatens to continue to limit the availability of Saturn and General Motors hybrid vehicles. The 2008 Saturn Vue and Aura Green Line hybrids, as well as the Chevrolet Malibu hybrid, use Cobasys' nickel-metal-hydride batteries. The company is also one GM's key suppliers for its new 2-mode hybrid models.