GM, Retailers Begin the End to Saturn

Robert Snell from the Detroit News: Dealers have until the end of October 2010 to close, but many will be gone by January because inventory is low, dealers said. The automaker will begin winding down Saturn dealers, who are being offered between $100,000 and $1 million to stay open and gradually sell inventory. Saturn dealers this year signed wind-down agreements that provide for the orderly closing of their stores instead of seeing their dealerships left in bankruptcy court. GM late last month sent Saturn dealers a letter extending the retailer agreement until November 30 — a precautionary move in case the Penske deal didn't close by Wednesday. The letter left some wondering if the extension left some room to salvage a deal. But GM spokesman John McDonald reiterated plans to shut down Saturn. "The deal is dead," he said.

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Flashback Friday: The Last Saturn Ion

Flashback Friday: The Last Saturn Ion

You don't have to think too far back to remember when the subject of this week's "Flashback Friday" was built. While the anniversary of the first Saturn to roll off the assembly line in Spring Hill, Tennessee is next week, I thought that this week it would be fitting to feature the last Saturn ever built at that plant.