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Archive for September, 2009
BREAKING: Penske walks away from Saturn deal, brand to “wind down”
Filed under: Saturn Continue reading BREAKING: Penske walks away from Saturn deal, brand to "wind down" BREAKING: Penske walks away from Saturn deal, brand to "wind down" originally appeared on Autoblog on Wed, 30 Sep 2009 16:55:00 EST. Please see our terms for use of feeds.
Saturn fans will be saddened to hear that the brand is about to be history. Penske Automotive Group (PAG) and General Motors have been in the final stages of negotiations to transfer the brand, but late this afternoon, both parties issued statements that Penske was walking away from the deal.
The reason cited by Penske for the deal's demise is difficulty in securing a supply of product beyond the end of 2010. GM had agreed to continue supplying the Outlook, Aura and Vue until the end of next year, at which point Penske would get other automakers to produce vehicles to sell through the Saturn dealer network.
It was originally believed that Penske had a deal with Renault, possibly supplying vehicles from its South Korean subsidiary, Renault-Samsung Motors. However, the other automaker's board of directors rejected the deal, leaving Penske out in the cold. In the wake of the news, GM announced that it would wind down Saturn and close all the dealerships. After Saturn dealers close, Saturn owners will be able to get service from other GM dealers. You can read the official statements from both Penske and GMchronicling the demise of Saturn after the jump.
[Sources: Penske Automotive Group, General Motors | Image Source: Bill Pugliano/Getty]
REPORT: Subaru’s Lafayette Indiana plant produces three millionth car
Filed under: Coupe, Plants/Manufacturing, Subaru
There's cause for celebration in Lafayette, Indiana, and it's not because the Colts are 3-0. The Indianapolis Star reports that Subaru has built its three millionth American made vehicle at its Lafayette facility; a silver Outback 2.5i. Over 9,000 workers were involved in reaching the production milestone, and nearly 3,500 workers are currently employed at the facility.
Subaru needed a longish 20 years to achieve its latest production milestone, and even then it got a hand from Toyota, since the Camry is currently being built there. Subaru's only U.S. plant had a peak production output of 216,198 back in 1998, but sagging auto sales has conspired to cut production down to an expected 158,000 this year in spite of the fact that the all-wheel drive Japanese automaker has perhaps its best lineup ever and some of the strongest sales figures industry-wide. Production could increase in the short term, though, as Cash for Clunkers has drained Subaru inventory down to 16 days worth of cars and crossovers, down from its typical 60-70 day supply. Subaru sold a record 28,863 vehicles in August.
[Source: Indianapolis Star]
REPORT: Subaru's Lafayette Indiana plant produces three millionth car originally appeared on Autoblog on Wed, 30 Sep 2009 16:40:00 EST. Please see our terms for use of feeds.
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Rumormill: Jaguar working on all-new five-door “coupe”
Filed under: Coupe, Performance, Hatchback, Jaguar, Rumormill, Luxury
We're not exactly sure when this trend will end, but it now looks like Jaguar is preparing to join the five-door coupe club. Inside Line is reporting that a compact hatch, similar to Audi's new A5 Sportback, is in the works. An evolution of the R-D6 concept first shown back way in 2003, it is being called the RD7, and will feature rear suicide doors and an E-Type aping side-hinged rear hatch. Now that's one heritage element that would definitely look cool, but might not be too practical - we'll have to reserve judgment until we see the final product.
As Jaguar's X-Type is finally being phased out overseas, the logic is that the Gaydon firm needs an entry-level model to compete in the compact premium segment. Apparently Jag is considering both a three-door and a five-door version of this X-Type replacement, which would most likely be built on a slimmed down XF platform. Power is rumored to come from a 2.7-liter diesel V6.
Whatever the final form of the RD7, we'll have to wait a while to see it in showrooms. Next up for Jaguar is the spiritual successor to the XK-E, which is expected some time in 2011, the 50th anniversary of the original E-Type. Cash coming in from the popular XF and the recently revealed full-size XJ might help speed things up a bit, too.
[Source: Inside Line]
Rumormill: Jaguar working on all-new five-door "coupe" originally appeared on Autoblog on Wed, 30 Sep 2009 16:20:00 EST. Please see our terms for use of feeds.
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