Retailers

Retailer Praises Penske Purchase

Craig McEwen from INFORUM: A preliminary agreement between General Motors and Penske Automotive Group to buy Saturn has put a lot of people at ease, said Andy Boen, owner of the Fargo Saturn dealership. On June 5, GM said it had agreed to sell Saturn to Penske Automotive Group, one of the nation's largest automobile dealers and owned by famous race car driver Roger Penske.

Saturn Sale Lauded in Mississippi

Jeff Ayres from the Clarion Ledger: Saturn of Jackson owner Phil Moore says Penske's purchase of Saturn should ensure the brand's future in Mississippi and elsewhere. "He's just such an intelligent businessman," Moore said. "Not only is he saving jobs and dealerships, but he's going to bring something new to the table."

The Outlook for Closed Saturn Dealerships

Closed Saturn Dealership in Pompton Plains, NJ

Automotive News estimates that nearly 70 Saturn dealerships have closed this year as a result of the bad economy and GM's decision to sell the brand. What will happen to these 70 stores? There is an interested buyer: Kia. While the South Korean car company is buying up a number of closed dealerships around the country, it has a particular interest in acquiring Saturn dealerships.

Will Saturn-Penske Become the New Template for Auto Retailing?

From DealersEdge: In most retailing industries, the people who are closest to the customers, the retailers, tell their various manufacturers what customers want and the manufacturers provide it. Not so in auto retailing, where the manufacturers decide what to produce and then expect the retailers to sell it. That model is about to change with the news that Penske Automotive Group has agreed to take over the Saturn brand from General Motors.

Flint-Area Saturn Retailer Puts Focus on Penske, Says "Things are Progressing Really, Really Well"

Ron Fonger from the Flint Journal: Roger Penske is in the driver's seat of a new group seeking to buy Saturn, but will there be a place onboard for Flint-area mega dealer Joseph Serra? Serra has been one of two large car dealers to be working with Penske in recent weeks as the deal heats up to buy Saturn from GM.

Warranty Information

Tools for Car Repair

Even though GM has filed for bankruptcy, the bankruptcy court is allowing General Motors to continue using money to fund their daily operating activities including honoring customer warranties. GM has issued these instructions specific to Saturn owners regarding their warranties: Under the terms of the warranty, the customer should first attempt to bring their vehicle to any Saturn retailer for warranty service. If there is no retailer in their immediate

Saturn-Penske Deal Exites Employees

Ned Hunter JacksonSun.com: If the deal between Penske and General Motors closes, Penske's group would obtain the rights to Saturn's brand name and acquire certain assets as well, according to the company's website. "General Motors would continue to provide Saturn Aura, Vue and Outlook vehicles, on a contract basis, for an interim period," the Web site states.

Saturn Retailer Feels Abandonded by General Motors

Blackwell Thomas from TheSouthern.com: Like on its celestial namesake, there soon won't be much life at the Saturn of Carbondale car dealership as the company prepares to shut down later this month. At its peak, the auto dealer would have about 150 vehicles for sale on its lot. On Wednesday there were three.

Save Saturn in Canada?

Canadian Flag

On Tuesday, letters were sent to Saturn retailers asking them to join the Penske Automotive Group; however, those invitations were only sent to the 350 retailers located in the United States. The 51 Canadian-based retailers were not included. Penske mentioned to a reporter from the Toronto Star that his first priority as the new owner of Saturn is to review the viability of the Canadian retail network. This uncertainty has already caused one dealership, located in Windsor, Ontario, to close shop.

Invitation Extended to Dealers

Saturn of Decatur

Today Saturn's 350 dealerships will receive a letter from corporate headquarters extending them an invitation to join the Penske Automotive Group. The letter will not contain a franchise agreement or any other legally binding contract. According to Saturn spokesman Steve Janisse "It's just an informational piece talking about the terms of the sale and offering them an opportunity to transition to this new owner." Janisse also told Automotive News that dealerships that decline the invitation will be transitioned into "termination mode."

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