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Old 06-04-2009, 09:09 PM   #1
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Default Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

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Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

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Tim Higgins from the Detroit Free Press: Detroit business lion Roger Penske, who led the city's Super Bowl preparations, downtown cleanup program and revived Grand Prix racing on Belle Isle

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Old 06-04-2009, 09:30 PM   #2
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

If its Penske, I'd rather see the brand die. He just wants to import crap cars from China. Yeah, that's what america needs, more junk from China. No thanks.

I had high hopes for a Magna-Opel-Saturn tie up. That would have kept at least a high quality car in the showroom...not the Plastic bodied independent thinking car company I'd like Saturn to return to being, but still better than what I've heard most of the other bidders want to do.

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Old 06-04-2009, 09:36 PM   #3
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

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If its Penske, I'd rather see the brand die. He just wants to import crap cars from China. Yeah, that's what america needs, more junk from China. No thanks.
Penske may well import cars from China or elsewhere but he will never sell "junk". He is among the most demanding business persons who exist anywhere and has always been known for high operational and quality standards. I would be shocked if a Roger Penske run company ever associates itself with "crap cars".

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Old 06-04-2009, 09:46 PM   #4
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

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Penske may well import cars from China or elsewhere but he will never sell "junk". He is among the most demanding business persons who exist anywhere and has always been known for high operational and quality standards. I would be shocked if a Roger Penske run company ever associates itself with "crap cars".
He's done a fair job with Smart, I'll say that...when even mighty MB was too chicken***** to take a chance.

Still China= Crap. Hows that chinese drywall holding up...

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Old 06-04-2009, 11:08 PM   #5
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

Last I saw on this, Penske was looking at Renault to sell thier korean-made Samsung cars here - as Saturns.

This is not what I'd call "rescuing the brand"...

Penske is a smart guy - no pun intended. But he's buying Saturn to make a buck, not to appease us Saturn loyalists. I can understand his approach, even if I don't like it...

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Old 06-05-2009, 06:29 AM   #6
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

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Originally Posted by youknowme View Post
He's done a fair job with Smart, I'll say that...when even mighty MB was too chicken***** to take a chance.

Still China= Crap. Hows that chinese drywall holding up...
Don't mistake me for anyone who wants to import more from China but if you look at the wide range of the quality of Chinese products it ranges from junk to excellent. The reason it will not be junk in this case is Penske himself. He will demand higher quality and he usually gets what he demands. Penske once had some of his operations based here in eastern PA and his ways are well known to those of us who were here in those days. His old racing shop and garages near Reading Pa were so organized and clean that you could eat off the floor. He is a task master and perfectionist and will not accept anything less from those who work for him.

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Old 06-05-2009, 06:37 AM   #7
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

Seems just about done . . .
http://www.reuters.com/article/bankr...44428420090605

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Old 06-05-2009, 08:24 AM   #8
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

Chinese cars are crap. Check out these 40mph test crashes on Youtube.

http://www.youtube.com/watch?v=g5SRyG6UR2A

http://www.youtube.com/watch?v=LmpDM8wVrUQ

http://www.youtube.com/watch?v=245NCBsj4Lc

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Old 06-05-2009, 08:35 AM   #9
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

Press conference at 9am: http://www.theglobeandmail.com/repor...rticle1170210/

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Old 06-05-2009, 08:37 AM   #10
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

The French tried entering the US market for the 2nd time with the purchase of AMC. AMC cars mixed with a few Made in France cars. The French cars, again, received a poor reception in the US market.

The French sold AMC to Chrysler and left the US market for the 2nd time.

Let's hope that if there is a French connection, it will be the Samsung cars and not the French cars. But it may all be semantics. A French car, no matter where it is manufactured is still a French car.

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Old 06-05-2009, 08:37 AM   #11
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

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Originally Posted by PaulGraz View Post
Last I saw on this, Penske was looking at Renault to sell thier korean-made Samsung cars here - as Saturns.

This is not what I'd call "rescuing the brand"...

Penske is a smart guy - no pun intended. But he's buying Saturn to make a buck, not to appease us Saturn loyalists. I can understand his approach, even if I don't like it...
I couldn't agree more.

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Old 06-05-2009, 08:41 AM   #12
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

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Originally Posted by chillin05VUE View Post
Yes, those videos are not very comforting....however, if any Chinese car is to be sold here it must first pass our emissions and safety regulations. Unless that happens (and the Chinese themselves say they won't be near ready for 5-7 years), I wouldn't worry about Chinese cars being parked next to you in the local Costco parking lot. Not gonna happen. Yet.

Penske will build Renaults here as Saturns.










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Old 06-05-2009, 08:44 AM   #13
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

I've been following this pretty closely and I haven't seen anything about Penske sourcing cars from China.

He's looking at cars from South Korea. The same guys that brought us Hyundai and Kia.

Renault, the company who owns Nissan, also owns Samsung cars - which are made in S Korea and not yet sold here. That's what Penske is looking at.

Of course, what bugs me about this is - why would Renault bother buying Saturn? They've already got a full dealer and distribution chain setup here in the US for Nissan. They could simply sell their Samsung cars through that channel without spending a boatload of cash on Saturn.

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Old 06-05-2009, 08:48 AM   #14
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

According to the current news releases, GM would continue to make cars for Saturn, but Penske would also sign deals with other automakers to manufacture vehicles for the brand.

Supposedly, the people on both sides who've said this are remaining anonymous because the plans haven't been made public yet.

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Old 06-05-2009, 09:02 AM   #15
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

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Originally Posted by unit731 View Post
The French tried entering the US market for the 2nd time with the purchase of AMC. AMC cars mixed with a few Made in France cars. The French cars, again, received a poor reception in the US market.

The French sold AMC to Chrysler and left the US market for the 2nd time.

Let's hope that if there is a French connection, it will be the Samsung cars and not the French cars. But it may all be semantics. A French car, no matter where it is manufactured is still a French car.

Bonjour, Mon Ami !
Try to remember how much gas was in the US when this happened. Yes, we had a short scare in the 70's with a gas shortage, and some European companies like Renault and Fiat, as well as a few british car companies tried to sell fuel efficient cars to Americans. Most could not put much of a dent in the market share that was owned by the Big 3 at the time.

It's easy to say those cars were crap, but were they really much worse than what the big 3 was selling at the time?

All of that is irrellevent to today. Renault has a decent market share in Europe and their cars are well respected now. And they are here in the US too - they sells cars under their Nissan brand.

I'm not looking forward to this change at all - and I kinda doubt I'll be buying one of these future Saturns - but we should look at the facts, and understand that Penske isn't going to be selling late 70's Le Cars...

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Old 06-05-2009, 09:07 AM   #16
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Thumbs Up Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

If Roger does it, it will be done right and chances are very good that Magna will still be part of the equation.

Penske has a long reputation for being very quality and innovation oriented, if his name is on it, it will be good stuff.

http://money.cnn.com/2009/06/05/news...ion=2009060509

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Old 06-05-2009, 09:23 AM   #17
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

Just a WAG, but I'd give Penske and Saturn a better chance of survival than the new, lean, core brand GM.

Look at who is leading Saturn.

Look at who is leading GM.

Any takers?

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Old 06-05-2009, 09:27 AM   #18
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

I think this is good news. My first choice was Magna/Opel becasue I own an Opel. But Penske will ensure our cars will be surviced well and parts will be available. He's a winner and will make this work.

I would like to welcome Roger to the Saturn family.

Everyone, please clap.

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Old 06-05-2009, 09:30 AM   #19
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

Quote:
Originally Posted by PaulGraz View Post
Try to remember how much gas was in the US when this happened. Yes, we had a short scare in the 70's with a gas shortage, and some European companies like Renault and Fiat, as well as a few british car companies tried to sell fuel efficient cars to Americans. Most could not put much of a dent in the market share that was owned by the Big 3 at the time.

It's easy to say those cars were crap, but were they really much worse than what the big 3 was selling at the time?

All of that is irrellevent to today. Renault has a decent market share in Europe and their cars are well respected now. And they are here in the US too - they sells cars under their Nissan brand.

I'm not looking forward to this change at all - and I kinda doubt I'll be buying one of these future Saturns - but we should look at the facts, and understand that Penske isn't going to be selling late 70's Le Cars...
They were worse. Much much worse than what the Big Three was selling.

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Old 06-05-2009, 09:44 AM   #20
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Default Re: Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

I don't know how Renault's quality is nowadays, but honestly their lineup looks a lot better than Samsung's, which are nothing but rebadged Nissans:
http://www.renaultsamsungm.com/main/index.jsp
http://www.renault.co.uk/cars/range.aspx

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