American Made Yes

Chevrolet made the announcement at the annual International Association of Chiefs of Police convention, in Denver, Colorado. The Caprice PPV will be available for ordering next year and will hit the streets in early 2011.

“The new Chevrolet Caprice police car is the right tool at the right time for law enforcement,” said Jim Campbell, general manager for GM Fleet and Commercial Operations. “We asked for a lot of feedback from our police customers, which helped us develop a vehicle that is superior to the Crown Victoria in key areas.”

Vice President, Global Chevrolet Brand Brent Dewar added, “Along with Impala and Tahoe, the Caprice PPV gives agencies a greater range of choices for police and special service vehicles that are all available from Chevrolet.”

Unlike other police cars on the market, the Caprice PPV is not based on existing “civilian” passenger-car model sold in North America. It has been developed in key areas specifically for police duty, containing modern equipment and features:

• Powerful 6.0L V-8 with fuel-saving Active Fuel Management technology and E85 capability delivers expected best-in-class 0-60 acceleration (sub six seconds) and top speed; a V-6 engine will also be offered, beginning in the 2012 model year
• Optional front-seat-only side curtain air bags allows a full-width rear-seat barrier for greater officer safety
• Two trunk-mounted batteries, with one of them dedicated to powering various police equipment
• Designed for five-passenger seating, meaning the upper-center section of the dashboard can be used for equipment mounting without the concern of air bag deployment interference
• Compatibility with in-dash touch-screen computer technology
• Special front seats designed for the long-term comfort of officers whose car is their effective office, including space that accommodates the bulk of a typical equipment belt

Regarding the proposed sale of Saab to Koenigsegg, GM President and CEO Fritz Henderson had this to say: "We're obviously very disappointed with the decision to pull out of the Saab purchase. Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week."

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About General Motors:  General Motors, one of the world’s largest automakers, traces its roots back to 1908.  With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in some 140 countries.  GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands:  Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling.  GM’s largest national market is the United States, followed by China, Brazil, the United Kingdom, Canada, Russia and Germany.  GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services.  General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation.  More information on the new General Motors can be found at www.gm.com.

Penske Automotive Group (PAG) has decided to terminate discussions with General Motors to acquire Saturn. This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality. PAG’s announcement explained that their decision was not based on interactions with GM or Saturn retailers; rather it was because of the inability to source new products beyond what it had asked GM to build on contract.

As a result of PAG’s decision, we will be winding down the Saturn brand and dealership network, in accordance with the wind-down agreements that Saturn dealers recently signed with GM. Pursuant to the terms of those agreements, the wind down process will be determined and communicated shortly.

Saturn customers and owners will continue to be able to purchase and have their vehicles serviced at Saturn retailers during this process. Once the wind down is complete, Saturn owners will still be able to have their vehicles serviced at other GM dealerships. We will be communicating with our customers very soon to explain the next steps in this process.

The plant will provide more than 100 advanced technology jobs and will be part of a wholly owned subsidiary of General Motors called GM Subsystem Manufacturing LLC. Local and state incentives, along with Recovery Act funding announced last week by the U.S. Department of Energy, are helping to make the facility possible.

The investment includes renovation and lease costs for the 160,000-square-foot landfill-free facility, new machinery and equipment, and special tooling. With the exception of specialized battery machinery and equipment, GM is reusing equipment from other GM facilities. Equipment installation at the Brownstown site is under way and production will start in the fourth quarter of 2010 to support the launch of the Chevrolet Volt.

“Developing and producing advanced batteries is a key step in GM’s journey to become the leader in electric vehicles,” said Fritz Henderson, GM president and CEO. “This state-of-the-art battery manufacturing site reinforces our commitment to achieve that goal and to deliver clean, fuel-efficient vehicles to our customers.”