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dan45mcc

16 Buyers lined up for Saturn and GM says 65% vehicles flex fuel

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The product update came in a 90-minute press conference hosted by Ray Young, GM executive vice president and chief financial officer. He took pains to underscore the automaker's "commitment to advanced technologies."

 

"It is absolutely essential that we remain committed to reducing fuel consumption and greenhouse gas emissions," he told the media and auto analysts. "We plan to expand the use of smaller-displacement engines and turbocharging. The Chevy Volt remains on track for a late-2010 launch."

 

He also said the automaker plans to expand its hybrid portfolio and noted that, by 2014, 65 percent of GM's vehicle fleet will have flex-fuel capability.

 

Young said that Saturn, which has been for sale, has generated interest from 16 suitors. He said he did not yet have a date for when a Saturn deal might be finalized. He characterized Saturn's suitors as "some financial investors, certain parties with interest [in] distribution of vehicles.

 

 

http://www.edmunds.com/insideline/do/News/articleId=149526

 

I also read that a Chinese company is buying Hummer

 

 

 

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