Sunday, January 25, 2009

GM News: Saturn could survive; Chrysler: We'll be viable by spring

Robert Snell / The Detroit News
NEW ORLEANS -- General Motors Corp. said today the Saturn brand could survive a broad restructuring plan being developed that involves selling, shrinking or killing half of its eight brands.

All possibilities are being considered but the options will be narrowed next month when the cash-strapped automaker submits a restructuring plan to Congress, said Mark LaNeve, GM's vice president for North America sales, service and marketing, while talking to reporters during the National Automobile Dealers Association convention here.

"If we just wanted to shut it down, we could have announced that," he said. "Saturn may very well have a place" within GM....More

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