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Old 09-30-2009, 06:45 PM   #1
wifeofcore
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Default Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

A new story entry has been added:

Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

Quote:
With negotiations expected to finalize tomorrow, Roger Penske shockingly announced to GM and the public today that he is backing out of the deal after failing to secure a manufacturer for the brand. For a couple of months now, Penske has been courting Renault-Nissan in an effort to outsource a model for the Saturn brand.

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Old 09-30-2009, 06:52 PM   #2
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

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

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Old 09-30-2009, 06:58 PM   #3
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

First NBC cancels My Name is Earl, ending the show on a "to be continued" cliffhangar, and now this! (Actually, I was more disappointed when they canceled My Name is Earl.)

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Old 09-30-2009, 06:59 PM   #4
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

GM didn't want to have Saturn as a competitor. Nissan decided the same that they would be better off not having Saturn as a competitor.

The only reason for the sale was to placate the Obama administration. That GM was trying to liquidate the superfluous divisions for money.

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Old 09-30-2009, 07:01 PM   #5
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

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

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Old 09-30-2009, 07:02 PM   #6
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

I said it before and I will say it again. When GM ended polymer and Spring Hill they ended Saturn. This is GM's fault, not Penske's. No one wanted the huge gas guzzling Outlook/Acadia/Enclave re-badge or the Mexican Ass-tra. The AURA was nice, but still wasn't a real Saturn and suffered from a low, low resale value. The SL is dead and gone and so is Saturn. R.I.P. Saturn 1991-2007.

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Old 09-30-2009, 07:04 PM   #7
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

Quote:
Originally Posted by VTHokie00SL2 View Post
First NBC cancels My Name is Earl, ending the show on a "to be continued" cliffhangar, and now this! (Actually, I was more disappointed when they canceled My Name is Earl.)
My Name is Earl is canceled. No way! I'm more disappointed in that too.

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Old 09-30-2009, 07:05 PM   #8
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

I will never by a US branded vehicle again. Period. No questions asked. No amount of rebate. Not even a freebie. Screw ya'll, Ford, Chrysler, and especially GM.

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Old 09-30-2009, 07:08 PM   #9
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

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Originally Posted by VTHokie00SL2 View Post
First NBC cancels My Name is Earl, ending the show on a "to be continued" cliffhangar, and now this! (Actually, I was more disappointed when they canceled My Name is Earl.)
GM reaped what they sowed ... it must be karma

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Old 09-30-2009, 07:20 PM   #10
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

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Originally Posted by MyTNSaturn View Post
I said it before and I will say it again. When GM ended polymer and Spring Hill they ended Saturn. This is GM's fault, not Penske's. No one wanted the huge gas guzzling Outlook/Acadia/Enclave re-badge or the Mexican Ass-tra. The AURA was nice, but still wasn't a real Saturn and suffered from a low, low resale value. The SL is dead and gone and so is Saturn. R.I.P. Saturn 1991-2007.
The Astra is made in Belgium and the VUE is made in Mexico.

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Old 09-30-2009, 07:24 PM   #11
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

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The Astra is made in Belgium and the VUE is made in Mexico.
Rethink American!

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When the road gets a little nervous, take one of these.

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Old 09-30-2009, 07:29 PM   #12
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

Sounds like they had 2 models covered. Penksi just change the name and setup a new brand.... How about Jupiter.... frack GM.

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Old 09-30-2009, 07:34 PM   #13
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

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Closing time
You don't have to go home but you can't stay here
Wow. The king of cut and paste. You've posted the same reply 16 times within 18 minutes.

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Old 09-30-2009, 07:54 PM   #14
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

After several months of speculation that Roger Penske would be Saturnís Savior, he has decided that taking over a brand that is damaged beyond repair is something even he does not want to tackle.

Am I surprised? A bit. I thought Roger was going to give it a shot.

Everyone will blame this on the unnamed manufacturer, but the real blame for the failure will ultimately be the retailers themselves.

The retailers that remain are so cash strapped that many are months behind is paying for things they need for fay to day operations. Roger was in need of retailers who were going to be able to step up and spend some much needed money on advertising, facilities, and personel. Unfortunately, the retailers just donít have that kind of money. In better times, they could have borrowed but the economy is keeping that from happening.

Am I sad that Saturn is dead? I am. I spent 17 years of my career with Saturn. I am sorry they have not had the support from the Mother Ship that they needed. Shame on GM for letting this happen.

There will be a bunch of great people out there looking for jobs now. I wish them the best.

I guess the question now is: Is all my Saturn stuff worth anything????

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Old 09-30-2009, 08:05 PM   #15
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

Thanks Penske for stringing us along.
this will be my last post. The american car companies as we have known them

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Old 09-30-2009, 08:08 PM   #16
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

Thanks Penske for stringing us along.
this will be my last post. The american car companies as we have known
them are dead. Let the bread lines and soup kitchens open early because thats where i will be counting all the foriegn cars drive by.
THE AMERICAN DREAM IS DEAD! goodbye,leaving the country to find a job.

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Old 09-30-2009, 08:28 PM   #17
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

Well that stinks.
My current Saturn has a bit over 300K on it, and I was thinking about getting a 3rd one.

But I guess not now.

So what to get when this one dies ?

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Old 09-30-2009, 08:32 PM   #18
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

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Originally Posted by Low Saturn View Post
Wow. The king of cut and paste. You've posted the same reply 16 times within 18 minutes.
Only because there are 18 threads on the same subject, it would be nice to see it all put into one.

But GM is telling you

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

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Old 09-30-2009, 09:07 PM   #19
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Devil Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

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Originally Posted by pgp_protector View Post
Well that stinks.
My current Saturn has a bit over 300K on it, and I was thinking about getting a 3rd one.

But I guess not now.

So what to get when this one dies ?
A used Saturn!

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Old 09-30-2009, 09:11 PM   #20
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Default Re: Developing Story: Penske Backs Out of Deal, General Motors to Close Saturn

Well, He(double hockeysticks)! I've had Saturns since early 1992, I liked all of them, even the 04 and 08 Vues. I probably will try a BMW X3 or maby the new X1 sport ute next time; I just can't bring myself to support GM after they did this. I still think that part of this was due to the present administration forcing GM and Chrysler to bankrupt. I think that the government needs to stay out of the private sector and let businesses run their course. I'm concerned for the employees at the dealerships--the people at my dealer in Lexington were always great and gave terrific service and were a pleasure to deal with. I hope there will be a place for them at the dealer group that owns the Saturn dealership. If they stay there I may be persuaded to buy another car there just to deal with them. In any event, its been quite a ride--these past 19 or so years

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