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Old 09-30-2009, 08:55 PM   #1
Charlie
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Default Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

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Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

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Penske Automotive Group today announced that it has terminated its discussions with General Motors to acquire the Saturn brand, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM.

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Old 09-30-2009, 09:38 PM   #2
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

We are... stunned.

I need to wait another day or two, so I can write rationally, and properly focus and direct my anger.

I don't want to get stuck in a "what could have been" loop.

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Old 09-30-2009, 09:41 PM   #3
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

I'm not surprise at all. The writing was on the wall. Many major cities were without a dealer at all. I kept wondering why Saturn commericals aired in Kansas City when there were no Saturn dealerships. What a waste of money. Then dropping all Canadian dealers. Really, it was a no-win situation to carry on Saturn name on rebadged import cars.

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Old 09-30-2009, 09:46 PM   #4
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

To whom it may concern:

I know that none of you even know who I am so let me tell you about my life and Saturn(s). I have spent literally thousands of hours reading Saturn news and formus on various sites without ever putting my 'two cents' in (BTW: I have visited Saturnfans.com at least 6 days a week since since 2000 -Saturnalia). Charlie you are a godsend and I truly feel your pain. I have owned several Saturns: 1991 Saturn SL2 - 38th car to ever roll out of Spring Hill, 1993 Saturn SC2 - a lot of $$$ in performance upgrades (204.97 whp), 1995 Saturn SL2, and my favorite the 2002 SC2 - more money in performance & customization than you can possibly believe.

This has to be the saddest day of my life. I was about an hour away from spending $1,200 on my LSD for my 2002 SC2. Now the trouble is getting my car back to stock so I can sell it. I feel so betrayed (lost & hurt). Saturn was, and now will die being the last 100% american car company left. GM & Penske dropped the ball on this gold mine.

Too think, I was actually hopeful that Penske was going to save the American Car Company, with an American Car, by Americans', for Americans'. Not that im pedjudice - I just take pride in seeing the "made in the U.S.A." sticker on my car. This is the End of the American Dream for the guys who dared to dream big enough to make Saturn what it was. This truly is the saddest day of my life; next to the loss of dear family and friends.

I would like to thank everyone else that shared in the passion that was 'us' the 'Different Kind Of People with the Different Kind of Car'.

Save Saturn.
Lee T.

P.S.--> So how long do we have to wait till we can make and sell our own Saturn replacement parts? (Seriously.)

...
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Old 09-30-2009, 09:47 PM   #5
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

Quote:
Originally Posted by AEIoUy View Post
I'm not surprise at all. The writing was on the wall. Many major cities were without a dealer at all. I kept wondering why Saturn commericals aired in Kansas City when there were no Saturn dealerships. What a waste of money. Then dropping all Canadian dealers. Really, it was a no-win situation to carry on Saturn name on rebadged import cars.
I have to agree! I was hoping against hope that Saturn would import some really innovative cars, perhaps even rebadged Opels (the nicer turbo-charged models that Saturn never got close to).

Alas, the market is glutted with 4-wheel cages, so Penske probably did the smartest thing.

RIP, Saturn....

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Old 09-30-2009, 09:57 PM   #6
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

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

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Old 09-30-2009, 10:04 PM   #7
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

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ROTFLMAO That is classic.

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Old 09-30-2009, 10:11 PM   #8
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

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ROTFLMAO That is classic.
Good stuff.

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Old 09-30-2009, 10:20 PM   #9
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

I heard about this on the radio earlier while driving home, then again on the Nightly News.. I thought this was a done deal months back, guess not..

I kept wondering how they were going to make the cars, importing them just doesn't sound right, Saturn was never meant to be an import brand so it's just as well.

Perhaps some investment group could still save it, I heard someone was trying to buy Pontiac and resurrect that brand as it's own company perhaps they could aquire Saturn as well..

Truth be told though Saturn has been dead for awhile ever since Spring Hill began making Chevy's.

...
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Old 10-01-2009, 11:05 AM   #10
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

I am sorry to hear this news. I hope that through all of this, we can find new hope in Saturn. Maybe GM will "resurrect" Saturn at some point in time. After all, they had a great business model to start with.

By observing what has gone wrong with the current Saturn, they should be able to make some improvements to their current model, and emerge as a new and successful company.

...
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Old 10-01-2009, 11:12 AM   #11
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Default Re: Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

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Originally Posted by AuraDrvr89 View Post
I am sorry to hear this news. I hope that through all of this, we can find new hope in Saturn. Maybe GM will "resurrect" Saturn at some point in time. After all, they had a great business model to start with.

By observing what has gone wrong with the current Saturn, they should be able to make some improvements to their current model, and emerge as a new and successful company.
I wouldn't count on GM to "resurrect" Saturn in the future at anytime. Fritzy and Lutz hated the idea of Saturn from Day 1; although they'll be all "Sad" to the brand killed off. Lovely how facades work.

I'll agree there was a great business model there to work with...one that GM DIDN'T KNOW HOW TO OPERATE. Then again, when you have the same old executives in place with a "new" idea...good luck trying to "Convince" them on the newer idea. Just won't work.


On a side note...this is my 4000th post. I wish it was a more happy post, instead of being about such a somber topic.

...
Bryan

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