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GM to keep GMC, Pontiac, exec says

A senior General Motors executive today denied reports that President Barack Obama's automotive task force has pressured the automaker to dump GMC and Pontiac. Company sales chief Mark LaNeve also denied rumors that GM plans to terminate the franchise agreements of poorly performing dealers before June 1 to accelerate its dealership consolidation campaign. "The strategy we laid out for you [in February] is still the strategy," LaNeve, GM's vice president of vehicle sales, service and marketing, said today in an interview with Automotive News.

Penske calls off Saturn deal, brand will close

IndyCar team owner and dealer magnate Roger Penske will not buy Saturn and the brand will be shuttered, General Motors said Wednesday. GM said Penske called off discussions after failing to line up more future products. Penske had been in talks with Renault for vehicles.

'Car Crazy' TV host Meguiar in serious condition

A dark cloud hangs over the family of automotive enthusiasts who had enjoyed a sunny week of classic-car events on the Monterey Peninsula. AutoWeek has learned that Barry Meguiar, the self-described "car crazy" goodwill ambassador of the automotive hobby world and creator/host of the popular television show of the same, is in serious condition in the intensive care unit of Monterey Community Hospital. Details of his ailment were not released by the hospital.