Failed Saturn Deal Shocks Staffers

Cindy Wojdyla Cain from the Herald News: Saturn will shut down completely by October 2010, said Eddie Larson, general manager of Saturn of Joliet. Larson, 29, has worked for Saturn since he was 21. He has never even had to write a resume other than one for a college class because he has continually been promoted within the company. "Never in our wildest dreams could we image it wouldn't go the way we thought it would," Adomaitis said. "(Saturn) was supposed to be a 100-year car company. That was their slogan." Larson said he was inundated with phone calls once the news broke about Saturn closing. Customers were concerned about their vehicles, but they were just as concerned about the employees. "Our customers know us by our first names," he said. The callers also wondered where they will be able to take their Saturn cars in the future. Saturn vehicles will continue to be serviced and sold through Saturn dealerships as long as they remain open, Larson said. Some dealerships may close before the October 2010 deadline. But others could remain open until the deadline, he added. Once all the dealerships are closed, GM will continue to service Saturn vehicles and honor warranties at its other dealerships, Larson explained.

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GM Announces Significant Production Cuts for Q1 2009

General Motors announced today a significant reduction of planned production for the first quarter of 2009 due to the ongoing and severe drop in industry sales, which were down 36% in November overall and 41% for GM (2007 vs. 2008). The impact of these and recently announced actions to adjust production with market demand, will result in the temporary idling of approximately 30% of GM's North American assembly plant volume during the first quarter of 2009 and will remove approximately 250,000 units from production.