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Old 07-16-2009, 10:28 PM   #1
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Default Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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Jon Yanca from Car & Driver: The completion of the sale is expected to close in the third quarter of this year, pending many conditions and approvals from the U.S. Treasury, which now holds a majority stake in GM. It has been rumored that Penske has been in talks with Renault Samsung Motors to import the Korean-built vehicles under the Saturn name.

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Old 07-16-2009, 11:30 PM   #2
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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i don;t want korea vehcies

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Old 07-17-2009, 03:39 AM   #3
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

samsung is a good company.

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Old 07-17-2009, 06:12 AM   #4
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

Ugh - more rumors. Penske has already stated that he will be having GM continue to build vehicles for Saturn for the next two years while he looks at his manufacturing options. IF there is any credibility to the Nissan rumor Penske has many USA plants to utilize, NOT KOREA as is being wrongly speculated. But Nissan is not the only option being considered.

There is more of a likely chance that GM/Chevrolet will be building their new compacts in Korea than anything else. They were planning on building the new Cruz in Korea actually until Obama told them no.

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Old 07-17-2009, 06:46 AM   #5
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

Penske has also said electrics may be the first vehicles as in this from Edmonds via autobloggreen:

Penske told Edmunds that EVs "might be the first vehicles produced in the U.S." under Saturn's arrangement with foreign partners.

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Old 07-17-2009, 07:59 AM   #6
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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They were planning on building the new Cruz in Korea actually until Obama told them no.
Lordstown was slated to get the Cruze since, like, forever ago. The tooling was started well before the ATF got involved.

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Old 07-17-2009, 08:18 AM   #7
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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Lordstown was slated to get the Cruze since, like, forever ago. The tooling was started well before the ATF got involved.

Amen, K-1.

Talk about speculation and misinformation. The "Cruze" is already being built in Korea and sold under the Daewoo Lacetti name. It's also out as a Holden,built in Australia. GM never had any other intention but to build the bloody thing at Lordstown.

They were holding off introduction until the building of the factory that would supply the 1.8T engines.

The whole purpose of this was to have one car having the potential to be built and sold anywhere with few costly tooling changes to adapt to the market where the cars would be sold.

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Old 07-17-2009, 10:33 AM   #8
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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Amen, K-1.

Talk about speculation and misinformation. The "Cruze" is already being built in Korea and sold under the Daewoo Lacetti name. It's also out as a Holden,built in Australia. GM never had any other intention but to build the bloody thing at Lordstown.

They were holding off introduction until the building of the factory that would supply the 1.8T engines.

The whole purpose of this was to have one car having the potential to be built and sold anywhere with few costly tooling changes to adapt to the market where the cars would be sold.
AFAIK and myself being an avid Top Gear fan, the Daewoo/Chevrolet Lacetti is AKA the Suzuki Forenza here in the states. The Opel Astra platform is not the same vehicle as the Lacetti, until last years M.Y.. as of 2008 M.Y. of the Lacetti is based upon the Opel Astra platform and engine, same to be as the upcoming US Chevy Cruz. Previous to that it was based upon the same Pininfarina design that the Forenza used.

Perhaps it will be built in Lordstown after all, Would you please share that information if that is fact?

Source on Lacetti:
http://en.wikipedia.org/wiki/Daewoo_Lacetti

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Old 07-17-2009, 10:48 AM   #9
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

It has been rumored that Penske has been in talks with Renault Samsung Motors to import the Korean-built vehicles under the Saturn name.

Yippee. I'm so excited.

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Old 07-17-2009, 10:20 PM   #10
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

If I wanted a Korean car, I would buy a Hyundai or KIA. Both of these brands have really came a long way the past 10 years.

Penske better "Re-think" this idea quick...

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Old 07-17-2009, 11:49 PM   #11
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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Originally Posted by marx404 View Post
AFAIK and myself being an avid Top Gear fan, the Daewoo/Chevrolet Lacetti is AKA the Suzuki Forenza here in the states. The Opel Astra platform is not the same vehicle as the Lacetti, until last years M.Y.. as of 2008 M.Y. of the Lacetti is based upon the Opel Astra platform and engine, same to be as the upcoming US Chevy Cruz. Previous to that it was based upon the same Pininfarina design that the Forenza used.

Perhaps it will be built in Lordstown after all, Would you please share that information if that is fact?

Source on Lacetti:
http://en.wikipedia.org/wiki/Daewoo_Lacetti
If it wasn't fact, I guess wagoner wouldn't have had a press conference in Lordstown stating that the Cruze was going to be built there last year

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Old 07-18-2009, 08:19 AM   #12
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

Quote:
Originally Posted by marx404 View Post
AFAIK and myself being an avid Top Gear fan, the Daewoo/Chevrolet Lacetti is AKA the Suzuki Forenza here in the states. The Opel Astra platform is not the same vehicle as the Lacetti, until last years M.Y.. as of 2008 M.Y. of the Lacetti is based upon the Opel Astra platform and engine, same to be as the upcoming US Chevy Cruz. Previous to that it was based upon the same Pininfarina design that the Forenza used.

Perhaps it will be built in Lordstown after all, Would you please share that information if that is fact?

Source on Lacetti:
http://en.wikipedia.org/wiki/Daewoo_Lacetti
The Cruze is called the Lacetti Premiere in South Korea

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Old 07-18-2009, 08:23 AM   #13
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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If I wanted a Korean car, I would buy a Hyundai or KIA. Both of these brands have really came a long way the past 10 years.

Penske better "Re-think" this idea quick...
He can't afford to build cars in the US so this is what you're stuck with. Think of the Penske Saturn as an additional choice.
Plus RSM wins JDPower type quality awards on a regular basis in Korea

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Old 07-18-2009, 04:58 PM   #14
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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Penske better "Re-think" this idea quick...
Its an idea that will probably not take off. Who knows he has still got a few more years of US GM made Saturns, maybe he can come up with an idea of a US made car

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Old 07-18-2009, 06:30 PM   #15
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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Its an idea that will probably not take off. Who knows he has still got a few more years of US GM made Saturns, maybe he can come up with an idea of a US made car
You're going to have to buy a Ford, Chevy or Dodge then, you won't get a US made Saturn.

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Old 07-18-2009, 09:04 PM   #16
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

Actually I am considering a Hyundai for my next car. So, I would be open to Korean made Saturn's comparable to an Elantra. It just needs to be reliable and get good gas mileage. Also, I would prefer a chain, not a belt that has to be changed.

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Old 07-18-2009, 10:10 PM   #17
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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He can't afford to build cars in the US so this is what you're stuck with. Think of the Penske Saturn as an additional choice.
Plus RSM wins JDPower type quality awards on a regular basis in Korea
I agree, if they can't develop a business case to build the new cars in the US they'll just have to produce them elsewhere. Its understandable and I highly doubt the quality will be effected as davidsky has mentioned RSM has been awarded for its quality. Maybe they will be able to have US made models down the road but that doesn't effect my car buying purchases and it doesn't seem to effect the general publics.

I'd buy a Saturn/RSM SM3 or QM5 way before I would consider a Chevy Cruze or Equinox thats for sure..

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Old 07-19-2009, 01:47 AM   #18
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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You're going to have to buy a Ford, Chevy or Dodge then, you won't get a US made Saturn.
By all means that's fine with me

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I'd buy a Saturn/RSM SM3 or QM5 way before I would consider a Chevy Cruze or Equinox thats for sure..
?? LOL! I guess you haven't seen the 2010 Equinox then have you?

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Old 07-19-2009, 08:09 PM   #19
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

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You're going to have to buy a Ford, Chevy or Dodge then, you won't get a US made Saturn.
We don't know that for sure, so let's not make statements about what we don't know about yet. Speculations are not fact and no facts has been stated by either Penske nor Saturn about who will be building the new cars.

Right now, all we have is speculations and guessing about where and who will be building the new Saturns and nothing more than that. Nothing More.

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Old 07-19-2009, 08:52 PM   #20
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Default Re: Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

I say keep the speculations coming ........ no harm no foul.

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