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Old 09-30-2009, 10:24 PM   #1
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2008 Outlook XR
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Default Penske Breaks Off Talks with GM for Saturn, Brand to Go Away

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Penske Breaks Off Talks with GM for Saturn, Brand to Go Away

Quote:
Michelle Krebs from Edmunds Auto Observer: In a surprise move, Penske Automotive Group terminated discussions with General Motors to acquire Saturn due to its inability to secure agreements for the future supply of vehicles beyond what it had negotiated with GM. As a result, GM will wind down Saturn much as it is doing now with its Pontiac division.

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