GM President & CEO Fritz Henderson: Penske Discussions Terminated, Brand to be Shutdo

[Charlie]

A new story entry has been added:

GM President & CEO Fritz Henderson: Penske Discussions Terminated, Brand to be Shutdown

General Motors Media Statement Attributed To President & CEO Fritz Henderson: Today we learned that Penske Automotive Group (PAG) has decided to terminate discussions with General Motors to acquire Saturn. This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality. PAG's announcement explained that their decision was not based on interactions with GM or Saturn retailers.

[piney]

Let me be the first to say:

Closing time
You don't have to go home but you can't stay here

[VTHokie00SL2]

lol!

[DesertPuma]

Originally Posted by VTHokie00SL2

lol!

Ditto!

[2NDSOUT]

Does anyone find ol Fritzy Boy's comment at the end a bit odd?

I'd also like to thank every GM employee and Saturn retailer who worked so hard to try to make this new beginning happen for Saturn.

Hmm...New Beginning? The fact that from day 1 you wanted to see Saturn fail and gone?

What a load of hot air from Fritzy Boy. GM smoke at it's finest!

Fritz and Lutz are sitting in their plush offices right now sniffing brandy and smoking cigars, toasting, "Yep; we finally got our wish! Saturn is done for! Time to make arrangements to get rid of the dealerships".

Fritz and Lutz never cared about Saturn; and it's present in their comments over the years. They got their wish.

At least Saturn now can go off into the auto cemetary with SOME diginity, instead of rebadged imports with the Saturn name on them.