Breaking News: Saturn Continues to Explore Options, Faces Shutdown in 2011 if No Viable Alternative Found

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General Motors Chairman and CEO Rick Wagoner announced during a news conference this evening that Saturn will remain in operation through the end of the planned lifecycle for all Saturn products (2010-11). In the interim, should Saturn retailers as a group or other investors present a plan that would allow a spin off or sale of Saturn Distribution Corporation, GM would be open to any such possibility. If a spin off or sale does not occur, it is GM's intention to phase out the Saturn brand at the end of the current product lifecycle. Stay tuned to SaturnFans.com for more information as it becomes available.

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Roger Penske Talks about Failed Saturn Deal

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Below a partial transcript detailing comments made by Roger Penske pertaining to his failed acquisition of the Saturn brand during the Penske Automotive Group's (PAG) third quarter 2009 earnings call held this past Friday, October 30th.