Retailers Quietly Mark the End of an Era

New Saturn Flagship Store in Danbury, Connecticut

Don Hammonds from the Pittsburgh Post-Gazette: When Rikki Kirchner of Santa Clarita, California, heard that Saturn was going out of business, she marched out to her Saturn Astra and ripped the General Motors emblems right off the car. "I know a guy who did that too. Heck, Saturn's an orphan right now, and it's a sad day," she said. "When I heard that Roger Penske was buying it, I danced around my office. Me and some other Saturn owners were giving each other high fives, we were so happy. Now, when I heard he wasn't going to buy it, my world was just crushed." Last week, businessman and former race driver Mr. Penske announced that he was ending talks with GM about purchasing Saturn because he did not have a source of cars lined up once GM stopped providing products to him in 2011. Almost immediately, GM CEO Fritz Henderson said production of the brand would end - and it did within 24 hours. Now, Saturn dealers are left with hard-to-sell dealership buildings that are smaller than the industry average, and sales staffs that could find it hard to get jobs for dealerships that don't abide by the "no haggle" pricing policy that Saturn used, industry analysts say. "I'm just really upset about the whole thing," Ms. Kirchner said. "The brand's reputation is very good, and their reliability is excellent. And just the whole Saturn buying process - I went out of my way to buy my Astra from the dealer I bought my first one from."

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General Motors Statement Regarding Black Oak Partners Press Release About Saturn

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As noted in GM's viability plan presented on February 17, 2009, GM announced it would review the potential spin-off or sale of Saturn and if those options did not prove viable Saturn's operations would be wound down over time. Over approximately the past 60 days, a sub-committee of Saturn retailers has been studying the feasibility of the sale or spin-off options, and has identified some parties that are potentially interested in a purchase or spin-off of Saturn. We are advised that one of the interested parties is Black Oak Partners. We are not at liberty to discuss any other interested party. With respect to what the eventual outcome concerning Saturn might be with Black Oak or any other interested party, it is simply premature at this time to speculate on what any eventual outcome may be.