Penske pulls Saturn’s plug
Posted on September 30, 2009 at 6:54 pm
After his deal with General Motors didn’t pass muster with the unnamed company that would have taken over manufacturing operations, Roger Penske has cancelled his planned purchase of Saturn. Without the assurance of someone to take over production, “the risks and uncertainties related to the availability of future products prohibit the company from moving forward.”
For its part, GM isn’t even going to try again to save Saturn. Its operations will be completely wound down by next fall, shutting off the lights at dealerships in Rivergate and Cool Springs.
SEE ALSO: Very randomly placed at the end of a Bloomberg story, this quote from an analyst on what coulda been for Saturn.
“Saturn is the brand you wanted to like,” said Rebecca Lindland, an analyst at IHS Global Insight. “It is the little brand that could have and should have” been great.
A lot of people around these parts would agree with that.
Comments
2 Responses to “Penske pulls Saturn’s plug”
Barry and Government Motors should give Saturn to Penske just to save the jobs.
If Saturn closes it will hurt us and the economy. I have never heard of a Saturn owner complain about their vehicles and I consitantly got 45 mpg when I was traveling back and forth to Canada and that was a 98. (not mine)
Saturn closes it costs us (beside the money spent buying it) benifits and tax revenue.
Penske is more trustworthy then the idiots that drove GM into the ground.
I see a lot of Saturns on the dealer lots. President Obama should repay the people in the housing projects who voted for him by giving every adult who has not been arrested in the last three years a new Saturn.