General Motors to Shut Down Saturn
A few months back, it seemed as though the Saturn brand would be saved. The Penske Group agreed to buy the struggling General Motors production and vehicles like the Ion and the VUE would "live to see another day." Now, however, the plug has been pulled on the Saturn.
Earlier today, Penske said that it could not find another manufacturer to take over building the Saturn brand. As a result, it walked away from further negotiations. According to GM, Saturn would have about a year to conclude operations.
As a Saturn owner since 2001, I find this news very sad. Saturn made a great product. I, for one, will miss it.
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- News Source: The News Journal | about 1 month agoThe breakdown in talks between General Motors and the Penske Automotive Group Inc. over the fate of GM's Saturn brand will not add another empty lot to the city's growing inventory, Mayor Glenn Ritchey said. Ritchey, owner of Saturn of Daytona on...
- News Source: Wichita Eagle | about 1 month agoThe Wichita Eagle Scott Davies is resigned to the fact that the Saturn of Wichita dealership he built over more than 18 years will soon be no more. "It's going to be tough when we walk out of here, but the sun will come up," Davies said Friday, two...
- News Source: The Advocate | 2 months agoSaturn of Baton Rouge will have a year to sell off the roughly 110 cars it has in stock after GM shuts down its Saturn division because an agreement to sell it to Penske Automotive Group Inc. fell apart. Eric Lane, vice president of Gerry Lane...
- News Source: Truthout | 2 months agoPenske's bid to buy Saturn from GM fell apart Thursday, ending a grand experiment in American automaking. Jovial employees who sang to new buyers as they walked away with the keys...But in the end, it was internal resistance to the funky...
- News Source: Daily Southtown | 2 months agoThe Associated Press Saturn dealers around the country had been expecting any day to hear word that Penske Automotive Group had closed on its purchase of the General Motors brand. On Thursday, they were trying to figure out what their next move would...
- News Source: CNN | 2 months agoThe town that Saturn put on the map is worried about its future and its residents hope the auto plant and jobs won't go the way of its most famous product. General Motors announced this week that it would close its Saturn line after its sale to...
- Blog Source: www.washingtonexaminer.comGeneral Motors Co. said Wednesday it would shut down its Saturn division after an agreement to sell it to Penske Automotive Group Inc. fell apart.
- Blog Source: www.sfexaminer.comGeneral Motors Co. said Wednesday it would shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire it fell apart.
- Blog Source: carscoop.blogspot.comThis just in; Penske Automotive Group (PAG) has announced that it has ceased discussions with General Motors to buy the Saturn brand. The automotive retailer said that it terminated the talks not because of a disagreement with GM, ...
- Blog Source: dealbook.blogs.nytimes.comPenske Automotive on Wednesday abruptly called off its deal to buy the Saturn brand from General Motors, citing difficulties in getting Saturn cars built.
- Blog Source: wheels.blogs.nytimes.comIt's the end of the road for the Saturn brand. The Times's Nick Bunkley reports that Penske Automotive is ending talks to buy beloved brand from General Motors.
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- Video Source: xml.truveo.comGM to drop Saturn after Penske ...Video Source: xml.truveo.comGM to drop Saturn after Penske ends talks
- Video Source: www.truveo.comGM: Saturn To Be Shut Down ...Video Source: www.truveo.comGM: Saturn To Be Shut Down After Failed Sale
- Video Source: www.truveo.com
- Video Source: www.truveo.comGM to Shut Down Saturn After ...Video Source: www.truveo.comGM to Shut Down Saturn After Penske Walks Away
- Video Source: youtube.comGM to Shut Down Saturn After ...Video Source: youtube.comGeneral Motors Co. says it's shutting down the Saturn brand after an ...
- Video Source: youtube.comSaturn Sale Saves JobsVideo Source: youtube.comGM announces a deal to sell Saturn to the Penske Automotive Group.
Poor Detroit. It surely did not need another blow to its' livelihood.
Cell phones use report code: Related Tweets
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@MickiMaynard We never knew what Penske was going to pay for Saturn/Saturn cars so hard to est revenue impact. #carchat.
2 months ago -
@moryan sitting in my '97 Saturn right now. It's run great for me for so long. Sad to say RIP #Saturn.
2 months ago -
@MickiMaynard I'll be on @the_takeaway Thursday at 6:30 a.m. ET, talking about Saturn.
2 months ago -
@latimestot LATimestot: GM death panel kills off Saturn line of cars. Details. latimes.com
2 months ago -
@MickiMaynard My story back when the Saturn deal was signed, 5 days after #GM bankruptcy. http://www.nytimes.com/2009/06/06/busine
2 months agoss/06saturn.html -
@ldignan Saturn is toast. Kind of a shame: http://tinyurl.com/yd55ogw
2 months ago -
@acmaurer Saturn to close after Gm sale falls through: http://bit.ly/6ePGD
2 months ago -
@pmintz GM shutting Saturn after Penske deal collapses http://www.businessweek.com/ap/financial
2 months agonews/D9B1SH0G0.htm -
@latimesnystrom RT @LATimes Breaking: GM to shut down its Saturn brand after sale falls through. More soon at http://latimes.com
2 months ago -
@PElliottAP GM to shut down Saturn division. WH declines comment.
2 months ago
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