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SUNDAY, NOVEMBER 22, 2009
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Saturn to Shut Down as Penske Deal Collapses

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(Newser) – Saturn's hopes of a life after GM ended today when a deal to sell the brand to Penske Automotive fell through. GM said it will now begin shutting down manufacturing and dealership operations. Penske canceled the deal—which could have saved about 13,000 jobs—because it couldn't swing an agreement with an unnamed third party to supply vehicles, reports the Detroit Free Press.

“Without that agreement, the company has determined that the risks and uncertainties related to the availability of future products prohibit the company from moving forward with this transaction," said a Penske statement.

The Saturn logo at a dealership.
The Saturn logo at a dealership.   (AP Photo/Eric Gay, File)
Saturns on the lot.
Saturns on the lot.   (AP Photo/Paul Sakuma)
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12 comments
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Blackbird
Sep 30, 09 4:17 PM CDT
Terrible news... Reply
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+4
Observer
Sep 30, 09 4:39 PM CDT
No surprise - I have never known anyone that bought a Saturn product. Zero. Reply
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-3
IN RESPONSE:
irok63
Sep 30, 09 9:22 PM CDT
I owned a 1996 SC2 bought at 130K drove to 170K on oil changes and no other expenses, car ran good and everything worked.
Vote up! Vote down!
0
scootersrockin
Sep 30, 09 5:21 PM CDT
One of the most common cars at Goodwill. Reply
Vote up! Vote down!
+1
RockyPneumonia
Sep 30, 09 6:03 PM CDT
When they first came out, Saturns were great. Then GM, showing the great wisdom that got them where they are today, decided that making a high-quality product was not a good idea. Reply
Vote up! Vote down!
+3

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