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Top 2009 News: GM & Penske Outline Proposed Purchase of Saturn Brand

DETROIT - General Motors Corp. and Penske Automotive Group have confirmed details of a proposed transaction under which Penske would acquire the Saturn brand, according to GM and Penske statements. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the customer-focused Saturn brand.

December 28, 2009

GM Sells 2008-2010 Models on eBay Motors

DETROIT - General Motors has teamed up with eBay Motors to launch the first-of-its-kind promotion that enables 'click and buy' purchases online from participating California Chevrolet, Buick, GMC, and Pontiac dealers.

August 11, 2009

GM to Honor Commitments to Fleet Customers as Medium-Duty Truck Production Ceases

GM & Penske Outline Proposed Purchase of Saturn Brand

DETROIT – Penske would obtain the rights to the brand as well as certain other Saturn assets, while General Motors would continue production, on a contract basis, of the Saturn Aura, Vue, and Outlook.

June 5, 2009

Ford Remains Positive Despite GM Filing

DEARBORN, MI – Ford Motor Company said it does not expect "any major disruptions to [its] operations" as a result of General Motors' bankruptcy filing.

June 2, 2009

GM Remains 'Committed to Fleet and Commercial Customers'

DETROIT – General Motors promised "strong commitment" to fleet and commercial customers "remains unchanged," according to Jim Campbell, GM general manager fleet and commercial operations, in a statement addressing the automaker's June 1 bankruptcy.

June 1, 2009

Feds Work with GM as Bankruptcy Option Looms

WASHINGTON – The presidential administration's auto task force backed a new deal May 28, which lenders have until 5 p.m. May 30 to accept, according to CNNMoney.com.

May 29, 2009

Vincentric Announces 2009 Best Fleet Value Awards

BINGHAM FARMS, MI – Vincentric announced the winners of its 2009 Best Fleet Value in America awards, with strong fleet product lines from General Motors and Toyota each earning seven awards, and Ford with five winning vehicles.

April 7, 2009

NAFA and AFLA Urge Passage of Bridge Loan to Detroit Three

PRINCETON, NJ – Both the NAFA Fleet Management Association and the Automotive Fleet & Leasing Association have sent formal letters to the U.S. Congress to provide financial assistance to General Motors, Ford, and Chrysler.

December 1, 2008

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