Flashback Friday: First Saturn Sold Today in 1990

On this date in 1990, Saturn sold its first car. According to the St. Petersburg Times, the first Saturn - the blue SL2 sedan shown above - was sold just after midnight to Elaine Terry at Saturn of Clearwater. "I wanted an American-made car and decided to give it a try," Mrs. Terry told the newspaper. It was a 25th wedding anniversary present. USA Today and CNN were reportedly at the retail facility to document the event. "I kept it for 10 months and put over 5,000 miles on it. People all over the country wanted to buy the car from me. One man in Las Vegas was talking up to $100,000 for it." However, after some discussion with Saturn of Clearwater, she decided to sell it back to them so it could be put on display at the store. "We gave her two 1992 cars of her choice to get that original car back," recalls Scott Harlib, general manager of Saturn of Clearwater. "I got a new car and the other one went to my son, who was in college at the time and needed a car," she said. In addition, after talking about her car and ownership experiences at local dealership events in the months after her purchase, Saturn hired Mrs. Terry in 1992 to do public relations work for the company.

Source: St. Petersburg Times

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General Motors Statement Regarding Black Oak Partners Press Release About Saturn

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As noted in GM's viability plan presented on February 17, 2009, GM announced it would review the potential spin-off or sale of Saturn and if those options did not prove viable Saturn's operations would be wound down over time. Over approximately the past 60 days, a sub-committee of Saturn retailers has been studying the feasibility of the sale or spin-off options, and has identified some parties that are potentially interested in a purchase or spin-off of Saturn. We are advised that one of the interested parties is Black Oak Partners. We are not at liberty to discuss any other interested party. With respect to what the eventual outcome concerning Saturn might be with Black Oak or any other interested party, it is simply premature at this time to speculate on what any eventual outcome may be.