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Old 06-05-2009, 03:52 PM   #21
rollsroyce250
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

Does Penske plan to sell only Saturn badged GM's for the next 2 years? If so, that's a terrific business plan. Saturn sales have tanked, but he'll keep selling the same old GM crap rebadged as Saturns. I'm sure a lot of Americans will be banging down Saturn dealership doors to purchase a rebadged GM. They haven't been buying them now, what makes him think they suddenly will for the next 2 years?

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Old 06-05-2009, 03:56 PM   #22
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

There are currently retailers in Canada that do sell the same if not more product for Saturn than their amercian cousins. Even poss a handful that would end up in the top ten sales for North Amercia. (a few for sure)
Penske would have looked at all this info and there is no reason that Saturn Canada retailers would not be included in this deal.

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Old 06-05-2009, 05:55 PM   #23
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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Originally Posted by rollsroyce250 View Post
Does Penske plan to sell only Saturn badged GM's for the next 2 years? If so, that's a terrific business plan. Saturn sales have tanked, but he'll keep selling the same old GM crap rebadged as Saturns. I'm sure a lot of Americans will be banging down Saturn dealership doors to purchase a rebadged GM. They haven't been buying them now, what makes him think they suddenly will for the next 2 years?
It is going to take some time to get whatever he has planned into the showrooms. He may be good, but he can't wave a magic wand and make different cars show up in the showrooms.

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Old 06-05-2009, 06:05 PM   #24
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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Originally Posted by rollsroyce250 View Post
Does Penske plan to sell only Saturn badged GM's for the next 2 years?
Apparently so. For the time being GM will build the Saturns and supply Penske on a contract basis.

However, Penske said he's in talks with manufacturers around the world about building Saturn cars in the future.

By the way, Penske acquires the Spring Hall plant.

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Old 06-05-2009, 06:32 PM   #25
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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There are currently retailers in Canada that do sell the same if not more product for Saturn than their amercian cousins. Even poss a handful that would end up in the top ten sales for North Amercia. (a few for sure)
Penske would have looked at all this info and there is no reason that Saturn Canada retailers would not be included in this deal.
If you take out the Astra sales in Canada then the Canadian dealers would look much worse than the dealer in the US. Probably Penske realized they could not afford to subsidize the Astra, then decided to nix the Canadian dealers after reviewing the sales breakdown of models in Canada.

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Old 06-05-2009, 06:53 PM   #26
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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If you take out the Astra sales in Canada then the Canadian dealers would look much worse than the dealer in the US. Probably Penske realized they could not afford to subsidize the Astra, then decided to nix the Canadian dealers after reviewing the sales breakdown of models in Canada.
What so the Astra is not sold in the States? Even if you to the Astra away or took out the Astra sales in Canada the big volume Saturn store would still be on par or ahead of most state side retailers.It was that way even before the Astra was introduced.
That being said can some show my a link to where it was said by Mr Penske himself that the Canadian Saturn retailer are not involved. And please not the link to CNN looking for actual statement from the news conference etc..

Thanks

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Old 06-05-2009, 07:03 PM   #27
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

Over here in Montreal the Astra is very popular, because we are used to buy small cars with premium features. I even call my wife's XE 5 doors a little BMW because it feels that way. Where I work there is a least 5 Astra in the parking lot ( over 300 cars ).

Was the Astra 2009 cancelled in the States but here in Canada we got it !
Could someone confirm this ?

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Old 06-05-2009, 07:04 PM   #28
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

2 points...

1....Penske has NOT Canada. Here's statement from a Detroit reporter who was on this morning's conference call with Penske.

"""Penske expects to offer Saturn's dealers in the U.S. a new franchise agreement and said it was a priority to determine how many Canadian dealers would be part of the new company."""

#2......Yes..the Astra 09 was never released to the US because they had a huge inventory backing up in the yards. Penske will need a small car right out of the gate if he intends to be a success. The Astra has gone to Buick and besides...it was a Dis-Astra south of the border. Wrong car to replace the Ion and everybody at GM now knows this.

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Old 06-05-2009, 07:32 PM   #29
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Thumbs Up Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

Now that is a good post. All that was being said was US retailer would be talked to.
Saturn retailers do not need the Astra to thrive. Even before the Astra came out sales in Canada were high with some retailers selling over 1000 units per year.

Last edited by squider; 06-05-2009 at 07:33 PM.. Reason: spelling

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Old 06-05-2009, 08:03 PM   #30
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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Originally Posted by Elizabeth View Post
By the way, Penske acquires the Spring Hall plant.
Please cite a source for this, Elizabeth.

You're the first I've read to mention anything about Spring Hill. I'm pretty certain Spring Hill will not be included in the sale.

Thanks...
EricSaturnSC2

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Old 06-05-2009, 09:33 PM   #31
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

Spring Hill is not part of the deal. However, according to the NY Times:

"On Monday, G.M. said the Spring Hill plant would compete with two other G.M. plants, in Janesville, Wis., and Orion Township, Mich., for the right to build a new small car. In the meantime, G.M. has suspended production at the Spring Hill plant.

So in all actuality Penske could make a deal with G.M. to potentially build a small car for its Saturn brand at Spring Hill. This is just a theory so don't get your hopes up.

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Old 06-05-2009, 09:45 PM   #32
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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Spring Hill is not part of the deal.
Thats what I thought. Thanks for setting that straight, s4.

I didn't want someone's misinformation to get a bunch of peoples' hopes up

Ciao,
EricSaturnSC2

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Old 06-05-2009, 10:11 PM   #33
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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Spring Hill is not part of the deal. However, according to the NY Times:

"On Monday, G.M. said the Spring Hill plant would compete with two other G.M. plants, in Janesville, Wis., and Orion Township, Mich., for the right to build a new small car. In the meantime, G.M. has suspended production at the Spring Hill plant.

So in all actuality Penske could make a deal with G.M. to potentially build a small car for its Saturn brand at Spring Hill. This is just a theory so don't get your hopes up.
That news has me torn on who should win that competition. I would like to see the Spring Hill workers keep working, but I would also like to see my fellow Wisconsinites keep working. Maybe if that small car went to Janesville then Spring Hill could go to Penske?

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Old 06-05-2009, 10:52 PM   #34
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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Originally Posted by rollsroyce250 View Post
They haven't been buying them now, what makes him think they suddenly will for the next 2 years?
The fact that Saturn now has a future (and one that, at the outset, looks more secure than either GM or Chrysler) may be enough to reassure those interested in a Saturn that it's now safe to buy one.

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Old 06-05-2009, 10:57 PM   #35
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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Originally Posted by Elizabeth View Post
By the way, Penske acquires the Spring Hall plant.
No he didn't. Where are you getting this from? What does he want the plant in the US for anyways when he plans on importing vehicles?

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Old 06-05-2009, 11:38 PM   #36
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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As a Canadian I really have to laugh reading these forums about Penske buying Saturn. I feel like a little kid at a wedding celebration...screaming out loud...trying to get the adults attention, trying to find out where the bathroom is.....

I guess no one really knows what is going to happen to Saturn in Canada...but us Canadians want to know.....but no can tell us....or they are ignoring us. Is there a Canadian Saturn Forum where we can cuddle till the storm passes ....HA HA
OK, let's think about this...Magna buys Opel in conjunction with Russia's Sberbank. Germans are very worried that much Opel production will be moved to Russia due to cheaper labor (probably true).

Magna says they have no plans to sell Opels into the US market, but hey, if they cut a deal with Penske, they rebadge them as Saturn.

This might work out OK. I'm not in favor of Renault, anyone else remember the junk they sold with American Motors? "Le Car" and "Alliance" come to mind. Citroen would be a better maker to team with.

I only see upside in this, and I expect Penske to negotiate very hard with GM for the Aura and any other Saturn model they want to produce. Better for Penske to march out on his own. I sure hope he doesn't bring in Indian or Chinese cars though!

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Old 06-05-2009, 11:44 PM   #37
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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OK, let's think about this...Magna buys Opel in conjunction with Russia's Sberbank. Germans are very worried that much Opel production will be moved to Russia due to cheaper labor (probably true).

Magna says they have no plans to sell Opels into the US market, but hey, if they cut a deal with Penske, they rebadge them as Saturn.

This might work out OK. I'm not in favor of Renault, anyone else remember the junk they sold with American Motors? "Le Car" and "Alliance" come to mind. Citroen would be a better maker to team with.

I only see upside in this, and I expect Penske to negotiate very hard with GM for the Aura and any other Saturn model they want to produce. Better for Penske to march out on his own. I sure hope he doesn't bring in Indian or Chinese cars though!
Part of Magna's deal with Opel was that they would not sell Opels in the U.S. This, most likely, is because GM is already planning on selling Opels in the U.S. as Buicks. As far as the Renault deal goes, things have changed a lot since a new Renault was sold in the U.S. Back then most cars were garbage. I am not so quick to dismiss the Renault deal...I'll wait and see.

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Old 06-06-2009, 01:37 AM   #38
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Default Penske and Spring Hill

I read the following line in a Google news story. Maybe this is where the confusion started. This would make sense I guess.

'Penske Automotive will take over the separate Saturn parts warehouse and distribution center in Spring Hill'.

Andy

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Old 06-06-2009, 02:24 AM   #39
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

Give credit where it is due! This is an impressive event in American business history for an individual to buy a division from "Generous Motors." Mr. Penske owns 56% of the voting stock of publicly traded Penske Automotive Group. Even more impressive is the fact that this is the second time that Roger Penske has purchased a division from General Motors. The last time GM was cash strapped in 1988, Penske bought Detroit Diesel (Allison) from GM and grew market share for large diesel engines from 3% to 33% then sold the company to Daimler in 2000 for a truckload of cash. Keep it up Roger. I am glad that we can still make something with an America brand name and history.

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Old 06-06-2009, 09:07 AM   #40
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Default Re: General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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Originally Posted by cstack3 View Post
This might work out OK. I'm not in favor of Renault, anyone else remember the junk they sold with American Motors? "Le Car" and "Alliance" come to mind. Citroen would be a better maker to team with.

Anyone else remember the junk sold in the 80's period? You can point your finger at a LeCar or an Alliance..... but what about the K Car, Ford cars, Cimarron, Skyhawk, any Eagle product, GM diesel products, for that matter; any GM product. etc, etc, etc....

There was more junk built here that apparently we want to admit.

Roger won't buy junk. Count on it.

BTW - Part of the deal did include two facilities at Spring Hill but NOT the assembly plant. Just parts & warehouse facilities.

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