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post #1 of 9 (permalink) Old 09-30-2009, 05:06 PM Thread Starter
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GM To Shut Down Saturn

Saturn Dealership Network To Be Phased Out

UPDATED: 5:02 pm EDT September 30, 2009

DETROIT -- General Motors Co. says it's shutting down the Saturn brand after an agreement with Penske Automotive Group Inc. to acquire the unit fell apart.

Penske, citing concerns about whether GM could continue to supply vehicles after a manufacturing contract with the automaker ran out, ended talks with GM Wednesday to acquire the brand.

GM CEO Fritz Henderson said in statement that Saturn and its dealership network will be phased out.

In a statement, the Bloomfield Hills, Mich.-based auto retailer says an agreement with another manufacturer to continue producing Saturn vehicles after GM stopped making them fell through, leading Penske to terminate talks with GM.

In June, Penske agreed to take over the Saturn brand and related dealerships. GM agreed to produce the vehicle for a limited period of time.

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post #2 of 9 (permalink) Old 09-30-2009, 05:14 PM
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No Way.......

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post #3 of 9 (permalink) Old 09-30-2009, 05:28 PM
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Leave it to "Government Motors" (GM) to totally screw up a good thing!!!

What are they thinking!!!!!!!

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post #4 of 9 (permalink) Old 09-30-2009, 05:44 PM
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This deal never made any sense from day 1. Penske isn't an idiot and pulled the plug before it cost him. Sorry to see Saturn go, and good decision Roger.

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post #5 of 9 (permalink) Old 09-30-2009, 05:45 PM
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wasn't GM

Penske couldn't get anybody to start building Saturns after the 2 yr. period, so with no possibility of continuing the brand he walked...
Smart thing to do, but I feel bad for all the employees and dealer staffs...

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post #6 of 9 (permalink) Old 09-30-2009, 06:09 PM
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Go figure.
Historically, GM's most fuel-efficient brand is thrown under the bus
by the current ruling regime in Washington.

Hypocrites!
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post #7 of 9 (permalink) Old 09-30-2009, 06:17 PM
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Angry

Well I'm done with GM, I doubt I will EVER buy or look at another GM, I don't care what kind of fuel or non-fuel it uses.. They phucked me and my family over for the last time... Sad but true.. The new Scumaro can go piss off...




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post #8 of 9 (permalink) Old 09-30-2009, 07:19 PM
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Stay tuned for more details to come out on this. I am just smelling a rat somewhere. Penske is way to smart of guy to jump into something like this in the first place, without certain assurances. I just have a feeling that there had been some assurances that GM would extend that 2011 deadline, if he was unable to find a manufacturer. But something changed since the original negotiations. hmmmmm, I wonder what that was?
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post #9 of 9 (permalink) Old 09-30-2009, 09:52 PM
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Seems we have a handful of these Penske threads bouncing around when we could probably do with just one. Merging can do some screwy things as posts lay down by timestamp, so let's just continue discussion in one main thread.

Please continue discussion here : https://www.skyroadster.com/forums/f5...-saturn-33033/

Thanks!

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