Retailers, Owners Shocked Over End of Saturn

Steve Manning from the Associated Press via MSNBC: Charlie Eickmeyer says he was a fan of Saturn vehicles years before he was able to drive. Today he's in shock. "It seemed like the deal was going through," said Eickmeyer, 34, who started following Saturn when he was 10 years old and now runs a Web site for enthusiasts of the brand. "I was really excited about the next chapter in Saturn's history." The chapter was supposed to be a future under former race car driver Roger Penske with the novel approach of filling dealerships with cars made overseas and rebranded as Saturns. Instead, the collapse of talks between GM and Penske Automotive Group Inc. this week likely means the end of the nearly 25-year-old brand, sending Saturn dealers like Martin and Day Automotive scrambling over what to do with their soon-to-be empty showrooms and leaving the company's loyal owners mourning the apparent demise of a company that built its reputation on customer care.

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GM: "We are Completely Behind Saturn"

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Sharon Terlep from the Dow Jones by way of CNN/Money: General Motors sales chief Mark LaNeve on Monday played down speculation the auto maker will kill its Saturn brand, saying GM is instead focused on finding a new business model for the money-losing lineup. "We have a very successful consumer brand with Saturn. We need to find the right business model," said LaNeve, adding that the company has received hundreds of letters from Saturn customers supporting the brand.