General Motors' Saturn division expects to hit a record high of up to 300,000 vehicles sold in the U.S. this year, and the automaker plans to grow sales another 10 percent next year with the release of its new Ion model, according to a recent Reuters report.

The Ion small sedan, which will replace Saturn's S-Series, arrives in dealerships in October of this year. The coupe version will arrive early next year. Saturn expects Ion sales to hit 150,000 units in 2003, according to the report.

Originally posted on Fleet Financials