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GM

Investor Group Wants to Acquire Saturn

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Saturn Aura FbaPPs photo
We reported earlier that Saturn was to follow Saab’s lead and Separate from GM rather than being dissolved (see here). GM has revealed that Telesto Ventures, a consortium that includes a company called Black Oaks and some of Saturn’s dealers, is interested in buying its Saturn brand.

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Telesto wants to acquire Saturn’s retail operations and provide dealers with vehicles from General Motors through 2011 and from mostly overseas manufacturers thereafter. Unfortunately for Telesto it is not the only company bidding for Saturn…

“Over approximately the past 60 days, a sub-committee of Saturn retailers has been studying the feasibility of the sale or spin-off options, and has identified some parties that are potentially interested in a purchase or spin-off of Saturn,” said GM in a statement. GM goes on to say that anyone of these potential bidders, and not necessarily Telesto, may end up with Saturn.

Saturn was on the chopping block ever since GM announced its restructuring initiative. And now GM is under pressure to complete its restructuring by the end of May, the sale of Saturn has become more imminent.

Tags: dealer network, DealerNetwork, dealership, General Motors, GeneralMotors, GM, Janisse, Saturn, Telesto Ventures, TelestoVentures

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Chevrolet

Is GM Making A Corvette SUV And Sedan?

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New, 2020 Chevy Corvette C8 Stingray, driving

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Corvette may be becoming its own brand complete with an SUV and a sedan.

Rumors that Chevy will transition the Corvette from a single model to a multi-model brand aren’t new, but the rumor mill is now spinning faster ever since the new Corvette C8 was unveiled.

Citing anonymous GM insiders, Autoweek states that the Corvette will eventually become a brand, growing to include a sedan and an SUV or crossover. There is apparently even consideration for a Corvette-based Cadillac offering.

That’s would be a big departure from what Corvette has always been, but this won’t be the first time Cadillac and Chevy have shared a platform. Remember the Cadillac XLR?

The fresh round of rumors come less than a month after Bob Lutz, the automotive industry veteran who’s worked for General Motors, BMW and others, suggested GM should move the Corvette upmarket with a Corvette SUV to stave off the problem facing Harley Davidson. The baby boomer client base for America’s sports car is dying out, meaning the brand needs some fresh blood.

Lutz also argued that Cadillac has no space to go upmarket, but a the Corvette brand could easily charge $100,000 for an SUV, and customers wouldn’t blink an eye. It should be no-compromise SUV aimed at the Porsche Cayenne, offering buyers a gorgeous design inside and out and unmatched performance.

The new mid-engined C8 Corvette will reinvigorate interest in the sports car, especially with its sub-$60,000 price tag and sub-3-second zero-to-60 time. While no one at GM has confirmed the rumors, it’s clear that the brand will need to attract a lot more younger buyers to stay alive and relevant. A Corvette SUV will certainly be controversial, but like the Cayenne and Macan did for Porsche, it might just be what the doctor ordered.

Would you consider buying a Corvette SUV or sedan? Share your thoughts in the comments below.

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Chevrolet

New Chevy Corvette C8 Is The Mid-Engine Supercar You Can Afford

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New, 2020 Chevy Corvette C8 Stingray supercar

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It’s the first mid-engine Corvette, a performance bargain for the ages, and a new breed of supercar.

Months of leaks, rumors and speculation have finally culminated in the unveiling of the all-new, 2020 Chevrolet Corvette C8. As the eighth generation of Chevy’s iconic sports car, the new Corvette premiers a mid-mounted engine and higher performance than ever before, effectively transforming from a sports car in it’s base form into a world-class supercar.

According to Chevy, the decision to switch to a mid-engine layout was made because the company had reached the limits of performance with a front-engine setup, and the new layout provides better weight distribution and responsiveness. Power comes from a 6.2-liter naturally-aspirated V8 that puts out 495 horsepower and 470 pound-feet of torque when equipped with the performance exhaust, with an eight-speed dual-clutch automatic transmission channeling that power through the rear wheels. Don’t expect to find a conventional automatic, or a seven-speed manual transmission.

The C8 Corvette is capable of accelerating from 0 to 60 mph (96 km/h) in under 3 seconds, which makes it the fastest base-model Corvette ever and put sit on par with the best Ferrari, Lamborghini and McLaren have to offer. Heck, it’s just as fast as the C7 Corvette ZR1, which not long ago was the fastest Corvette ever made!

The completely-reworked suspension is all-aluminum and uses diecast parts for maximum stiffness. There are still double wishbones at all four corners like the previous Corvette, but the traditional transverse rear spring has been replaced by coil springs.

Owners can opt for GM’s lauded Magnetic Ride Control system, which can be controlled through six driving modes, including a ‘Z mode’ that enables full customization of all settings.

The V8 uses dry-sump lubrication, allowing you to pull 1G through a corner without having to worry about oil starvation. And when it’s time to head home, a front axle lift system that can be programmed to raise the car automatically via the GPS system helps clear obstacles.

As with previous Corvettes, the Corvette C8 arrives with a Z51 Performance Package that adds a stiffer suspension with manually adjustable threaded spring seats, larger brakes and better cooling, a more aggressive front splitter, an open rear spoiler, a more aggressive transmission gear ratio, and a better electronic slip differential, among other performance enhancements.

Visually, the C8 Corvette looks like a refreshed C7 Corvette from the front and rear but a pure unadulterated mid-engine supercar from the sides. The loss of the traditional, long-hood Corvette proportions as a result of the mid-engine layout will surely upset some enthusiasts, but I for one think it looks great.

Highlights of the driver-centric interior include a new infotainment system, a 12-inch customizable instrument cluster, two available Bose audio systems, a wireless charger for your cell phone. A narrow bank of buttons. Fans of buttons will love the narrow bank of manual climate control button that effectively divides the cockpit in half, though some might find the odd arrangement and positioning to be unsightly. As expected, the room can be removed for open-air driving.

The new Corvette C8 offers a surprisingly of cargo room. Thanks to the relocation of the engine, there is now a font trunk (frunk) that can hold a of couple small overnight bags, while the rear cargo area can fit a reasonably-sized suitcase or a pair of golf bags when not housing the removable roof panel.

Las but not least is the price — the most shocking news of all. GM says the base C8 Stingray will start at under $60,000 in the United States and $70,000 in Canada! Let that sink for a second…

We now live in world where a world-class, mid-engine supercar that can accelerate to 60 mph in under 3 seconds costs less than $60,000. The new Corvette C8 is truly remarkable, and Ferrari, Lamborghini, McLaren and even Porsche have something to worry about. Are you happy with how it turned out?

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Cadillac

2020 Cadillac CT5 Has Very Low Price For A Luxury Sedan

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New, 2020 Cadillac CT5 Luxury sedan

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The CT5 hopes to undercut its German competition with a very low price and a lot of standard features.

Cadillac has announced pricing details for the all-new Cadillac CT5, and the car costs a lot less than we expected.

The CT5 replaces the CTS as the brand’s new midsize luxury sedan. Three trim levels will be available for the 2020 model year: Luxury, Premium Luxury, and Sport.

With a starting price of $37,890 in the United States, the CT5 Luxury is significantly less expensive than the CTS and much more affordable than the base Mercedes-Benz E-Class ($54 000), BMW 5 Series ($54,395), and Audi A6. The CT5 Premium Luxury and Sport start at $41,690 and $42,690, respectively.

All three trims come standard with a rear-wheel drive setup and a 237 horsepower, 2.0-liter turbocharged inline-four mated to a 10-speed automatic. Driver-assist systems such as forward collision alert and automatic emergency braking being are also standard, as are a 10-inch touch screen and keyless push-button start.

By comparison, the 2019 CTS’ price starts at $46,995 — nearly $10,000 higher — and comes with less standard equipment.

All-wheel drive is a $2,600 option on the Luxury and Sport trims, but $3,090 on the the Premium Luxury. Going for the CT5 Premium Luxury gets you some nice features like leather seats over the base Luxury model, while the Sport trim adds performance brakes and sporty appearance bits.

FbaPPs’s Take

The Cadillac CT5 has big shoes to fill as the successor to CTS, the nameplate that arguably brought the Cadillac brand into the modern era. But as good as the CTS was, it didn’t sell well.

With a dirt cheap starting price and wide array of standard features, the CT5 appears to primed to more successfully steal sales from BMW, Mercedes-Benz and Audi. Only time will tell if Cadillac’s pricing strategy achieves the desired results.

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