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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Video: GM Plan for the Bridge Loans

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Late yesterday General Motors released a new Web video showing its plan for the bridge loans. The company says it is working to build a sustainable auto industry. Here's what GM is doing to position the itself for growth. The video highlights the company's restructuring plans, new vehicle developments, and work to shape the future of transportation.