GM DEAL WITH PENSKE OFF; SATURN BRAND TO END..

  • HndsmKansan

    Posts: 16311

    Oct 02, 2009 12:53 AM GMT
    I was really disappointed to hear the news....

    As most know, GM has had major financial problems and the government has had to bail them out at taxpayer expense.... and efforts to sell the Saturn brand (owned by GM) to Roger Penske look like they have "bit the dust".

    It was announced yesterday that Penske has been unable to find a manufactorer to produce the Saturn vehicles once GM stops....
    What looked like a very promising deal has ended.

    Being a 4 time Saturn car owner, I have nothing but praise....... I was in the
    Saturn East dealership today having my new Astra serviced. They are basically trying to relocate employees, but most of the service folks will be
    moved to a GMC dealership about 3 miles away.

    I asked whether something could transpire to save Saturn.... and it doesn't sound hopeful... but I guess you never know .... give it a week or two.
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    Oct 02, 2009 1:49 AM GMT
    Oh man this news really sux! Penske should have been running GM for the last 10 years! They probably wouldn't be where they are now. I love that they managed to get a guy that hasn't worked anywhere else but the accounting dept. at GM since he left business school...25 years ago! Oh, well. Huge GM fan here and this is just one more disappointment to add to the pile. Thanks for the info Handsome!
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    Oct 02, 2009 2:41 AM GMT
    It's too bad. I think Saturn was the only decent GM brand with nice cars in recent years. The Aura is pretty sharp, even though it's just a re-badged Opel.

    This is where GM went wrong. Instead of churning out bland SUV's and crossovers, they should have imported their other cars from overseas.

    I think eventually GM will be reduced down to Chevrolet and Cadillac. Kinda sucks, but I don't necessarily see it as a bad thing. They really need to get rid of the redundancy and start innovating more.