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Old 07-31-2009, 10:00 AM   #5
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buba is on a distinguished road
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2009 VUE 3.6L
Default Re: Penske-Saturn Deal "Past Midfield," Slated to be Completed by September

Originally Posted by saturn 51 View Post
I have been working at a saturn facility since 1990,if i understand this situation correctly MR. Penske does not currently own any Saturn facilities, nor does he have any intrest in owning any in the future.MR. Penske will distribute vehicles and parts to Saturn facilities. The sooner we recieve different vehicles than the three G.M. says they will continue to build for two years the better chance we have to stay open. The truth is we will not share any of the fantastic benefits of the Penske company and will continue to work for the present facility owners.
So the net is no change in structure? GM did not own any dealerships and now Penske will not own any dealerships. So Penske just replaces GM as the dealership supplier.
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