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Thread: GM to Close Saturn as Sale to Penske Falls Through

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    GM to Close Saturn as Sale to Penske Falls Through

    GM to Close Saturn as Sale to Penske Falls Through - Auto - FOXNews.com

    General Motors Co. said Wednesday it would shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire it fell apart.
    What a sad day for America. An upstart company put together in the mid 1980's who put out safe and economic cars has fallen by the wayside with the fallout of the GM debacle. Yet another company flushed out in this dire economic downturn.
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    Re: GM to Close Saturn as Sale to Penske Falls Through

    I don't think Saturn has ever actually been profitable.
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    Re: GM to Close Saturn as Sale to Penske Falls Through

    Quote Originally Posted by P/N View Post
    GM to Close Saturn as Sale to Penske Falls Through - Auto - FOXNews.com



    What a sad day for America. An upstart company put together in the mid 1980's who put out safe and economic cars has fallen by the wayside with the fallout of the GM debacle. Yet another company flushed out in this dire economic downturn.
    I just heard about this, and it really is too bad the deal with Penske fell through. I liked Saturn, and loved the concept of dealerships where to price on the sticker was the price you paid. I was hopeful of the deal going through, and not just because where I work made parts(and was looking at doing so again) for Saturn.

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    Re: GM to Close Saturn as Sale to Penske Falls Through

    Quote Originally Posted by Kandahar View Post
    I don't think Saturn has ever actually been profitable.
    Saturn first pulled a profit in 1993. I got curious so I looked it up: Saturn Returns to Full Output of Cars - The New York Times

    Another interesting read on Saturn, that is barely a year and a half old, that shows how fast things have changed: Saturn is expected to be GM's growth brand - Automotive News

    Saturn executives told dealers at the make meeting that General Motors expects its growth over the next five years to come from Saturn. Saturn's goal for 2008 is a slight increase in sales.

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    Re: GM to Close Saturn as Sale to Penske Falls Through

    Quote Originally Posted by P/N View Post
    GM to Close Saturn as Sale to Penske Falls Through - Auto - FOXNews.com

    What a sad day for America. An upstart company put together in the mid 1980's who put out safe and economic cars has fallen by the wayside with the fallout of the GM debacle. Yet another company flushed out in this dire economic downturn.
    Another dumbassed decision by GM to compound the many dumbassed decisions they have made over the decades. I am stunned that this great little idea is going to be closed.

    Hopefully, someone with some brains will see this upstart company for what it is and buy them. But I would not hold my breath in these dire economic times.

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    Re: GM to Close Saturn as Sale to Penske Falls Through

    Many of Saturn's cars share platforms with other GM brands...the good cars aren't going anywhere, only the badging will change.
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    Re: GM to Close Saturn as Sale to Penske Falls Through

    Quote Originally Posted by Kandahar View Post
    I don't think Saturn has ever actually been profitable.
    Unfortuantely it was not. Most of the problem was that people had some false idea that Japanese cars were superior.
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    Re: GM to Close Saturn as Sale to Penske Falls Through

    Saturn ceased to be what it was supposed to be some time ago. There was opportunity for something, but it was never fostered appropriately.
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    Re: GM to Close Saturn as Sale to Penske Falls Through

    What a shame. I always wanted a Saturn. My brother is a mechanic and told me that the Saturn didn't break down near as much as other cars and it was a pretty safe vehicle.
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    Re: GM to Close Saturn as Sale to Penske Falls Through

    I bought a brand new Saturn in 1997 and I still drive it. They are great cars that last unlike most American made crap. Boneheaded decision by GM.

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