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GM to shut Saturn as Penske deal fails

Detroit : MI : USA | 2 months ago  
Views: 38
It may have been a different kind of company making a different kind of car, but it is screeching to a familiar halt. Saturn -- one of General Motors' most ambitious attempts to appeal to foreign-car buyers -- instead will share the ash heap with ghosts of GM's past such as Oldsmobile and Pontiac, the company...
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  • News Source: Canadian Broadcasting Corporation | 2 months ago
    Saturn was set to be sold this week to Penske Automotive Group Inc. But Penske backed out after it failed to find another automaker to manufacture Saturn models after GM stops making them after 2011, a development GM president Fritz Henderson called "...
  • News Source: Epoch Times | 2 months ago
    General Motors Co. said on Wednesday Oct. 1 that it was closing its Saturn brand after Penske Automotive Group announced that deal talks broke off and it would cancel its planned takeover of Saturn. With Penske out of the picture, and GM unable to...
  • News Source: MarketWatch | 2 months ago
    Ford Motor Co. /quotes/comstock/13*!f /quotes/nls/f ( 7.15 , -0.06 , -0.87% ) said Thursday that U.S. auto sales for September dropped 5.1% to 114,655 vehicles from 116,734 a year ago. For the Ford, Lincoln and Mercury brands: car sales fell 3.9% to...
  • News Source: Asian Wall Street Journal | 2 months ago
    This copy is for your personal, non-commercial use only...Constellation Brands Inc. reversed a prior-year loss caused by restructuring charges, getting a boost from cost cutting and debt-reduction efforts. The biggest global wine maker by volume...
  • News Source: Honolulu Advertiser | 2 months ago
    General Motors Co. said it will shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire it fell apart. Penske, citing concerns of whether it could continue to supply vehicles after a manufacturing contract with GM...
  • News Source: Nashville Tennessean Online | 2 months ago
    General Motors said Wednesday it would shut down its Saturn brand after respected Detroit businessman Roger Penske, who made his mark as a race-car legend and entrepreneur, shocked GM and 350 Saturn dealers by saying his plans to buy the storied...
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