Penske buying Willington, De plant. - Saturn Sky Forums: Saturn Sky Forum
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post #1 of 16 (permalink) Old 09-12-2009, 05:55 PM Thread Starter
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Penske buying Willington, De plant.

Is this true?
LLLFLY

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post #2 of 16 (permalink) Old 09-12-2009, 05:59 PM
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Where did you hear this? A news article or just random talk you've overheard. I'd be more likely to believe an article from a reputable auto news source than anything else

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post #3 of 16 (permalink) Old 09-12-2009, 06:57 PM Thread Starter
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This came from a good source. At this time I can not say. I hope it is true. Time will tell.
LLLFLY

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post #4 of 16 (permalink) Old 09-12-2009, 07:55 PM
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Quote:
Originally Posted by lllfly View Post
Is this true?
LLLFLY
Quote:
Originally Posted by lllfly View Post
This came from a good source.
LLLFLY
If it's a good source, why do you need confirmation from this forum?

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post #5 of 16 (permalink) Old 09-12-2009, 09:24 PM
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This came from a good source. At this time I can not say. I hope it is true. Time will tell.
LLLFLY
The info is probably from the CIA (Central Ignorance Agency)
Bo
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post #6 of 16 (permalink) Old 09-13-2009, 12:22 AM
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Originally Posted by lllfly View Post
This came from a good source. At this time I can not say. I hope it is true. Time will tell.
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post #7 of 16 (permalink) Old 09-13-2009, 12:59 AM
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If anything, I would think the Spring Hill, TN plant would be a wiser choice. While I no doubt would love to see the employees be working at both plants... the TN location is newer, with a more recent overhaul... and soon to be idled as they move Traverse production to join the other 3 Lambdas. It is also the birthplace of Saturn.

Now... Wilmington would also make sense if the new Saturn is making Renaults or their subsidiaries vehicles... and need to be closer to a port to ship overseas as an overflow location.

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post #8 of 16 (permalink) Old 09-13-2009, 08:35 AM
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No way

Trust me, this is just a rumor.
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post #9 of 16 (permalink) Old 09-13-2009, 10:12 AM
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1) Why would Penske want to burden himself with that sort of overhead when he can just rebadge cars?
2) Assuming he DID take on that much debt, develop R&D, develop design assets, build a huge physical and human infrastructure, why would he want to do so in union states?

I would bet that if the Penske program works using first Saturn's waning production schedule and then Renault for inventory, he will sell the network to Renault and walk away with a BUCKET full of cash. Forget all the emotion - think of the financial aspects and potential.

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post #10 of 16 (permalink) Old 09-13-2009, 10:16 AM
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This info=fail

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post #11 of 16 (permalink) Old 09-13-2009, 10:21 AM
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If he buys Wilmington, no where have I found information to support that theory, he won't be building the Sky or the Solstice.
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post #12 of 16 (permalink) Old 09-13-2009, 10:52 AM
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nope

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post #13 of 16 (permalink) Old 09-13-2009, 12:41 PM
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We've been through this already...Bigfoot and Elvis have bought the plant and are secretly building Kappas for Michael Jackson.

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post #14 of 16 (permalink) Old 09-13-2009, 12:56 PM
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I guess that means Tupac and Notorious BIG will have to settle for buying the Spring Hill plant

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post #15 of 16 (permalink) Old 09-13-2009, 05:04 PM
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I heard it was to build Chinese cars for sale in the India market.

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