GM May Complete Saturn Shutdown by the End of March, Not October 2010 as Previously Announced

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From AutoWeek: "All of our efforts will be to sell down our remaining 2009 inventory," Susan Docherty, GM's vice president of U.S. sales, said today at a press event. "We'll have a little bit of carryover of that into the first quarter of 2010, but the objective is to keep our inventory somewhere between 425,000 to 450,000 units." Docherty said she is confident that GM will clear out the 2009-model-year inventory by January. Meanwhile, the company likely will shutter its Pontiac and Saturn brands by the end of the first quarter, Docherty said. GM has only about 10,000 Pontiac vehicles left and 8,000 Saturns, she said. "We're actually winding down those products quicker than we had anticipated," he said.

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Invitation Extended to Dealers

Saturn of Decatur

Today Saturn's 350 dealerships will receive a letter from corporate headquarters extending them an invitation to join the Penske Automotive Group. The letter will not contain a franchise agreement or any other legally binding contract. According to Saturn spokesman Steve Janisse "It's just an informational piece talking about the terms of the sale and offering them an opportunity to transition to this new owner." Janisse also told Automotive News that dealerships that decline the invitation will be transitioned into "termination mode."