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NY Times: GM Had Considered Selling Saturn Earlier this Fall, May Now Buy Out Saturn Retailers (Visit this link)
Bill Vlasic from the New York Times reported yesterday that GM is exploring the idea of "a significant shrinking of its North American operations, including shutting more factories and streamlining its sprawling brand lineup, according to people with knowledge of GM's deliberations. One move under discussion, for example, would have GM buy out dealers that exclusively sell Saturns and market the cars through its Buick-Pontiac-GMC dealers instead." GM confirmed the notion that it needs to right-size itself by announcing this afternoon that it will shed or shutter the Saturn, Saab, and Hummer brands, focusing on only four brands in the future. The Times also reported that "the company had considered earlier this fall a plan to put the Saab and Saturn brands up for sale. But those plans were dropped because of the lack of potential buyers."
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