Retailers
Virtual Car Company Idea Stalled
Joseph Szczesny from the Oakland Press: The theory of the virtual car company is a favorite concept of a lot of consultants and analysts that are part and parcel of the car business, not only in the U.S. but around the world. The idea draws a lot of its energy from the idea that a virtual company wouldn't need to have expensive engineering labs and assembly plants. Instead, they would belong to a supplier. In addition, the virtual company would limit the need to keep many expensive employees on the payroll and the "legacy" costs for pensions and health care benefits, leaving more money for critical things like executive bonuses and, of course, very lucrative contracts — or so the theory goes anyway.
Failed Saturn Deal Shocks Staffers
Cindy Wojdyla Cain from the Herald News: Saturn will shut down completely by October 2010, said Eddie Larson, general manager of Saturn of Joliet. Larson, 29, has worked for Saturn since he was 21. He has never even had to write a resume other than one for a college class because he has continually been promoted within the company.
The Demise of Saturn Hurts
David Booth from the National Post: So, Saturn is no more. One more bastion of the U.S. auto empire sinks into the quicksand that has been The Great Recession. Its would-be saviour, Roger Penske, has pulled out of the deal quite dramatically one day prior to taking over the "Saturn Homecoming" brand.
Once, in a Galaxy Near and Dear, There was Saturn
Michael O'Rourke from the San Antonio Express-News: First came the news that Pluto is no longer a planet. Now, Saturn will no longer be a car? These are strange times to be living in our universe. I never owned a Saturn. My brother had one. When he bought it my first question was, "Did they do it? Did they all come out and clap for you?"
Some Saturn Owners, Retailers Have a Special Relationship with Vanishing Brand
Dan Gearino from the Columbus Dispatch via the Boston Herald: The toughest part for Saturn fans was the suddenness. For months, Penske Automotive Group worked on plans to buy the Saturn brand from General Motors. And then, in an instant last week, the deal evaporated. Saturn is now slated to wind down over the next year. "We were caught off guard as much as everyone," said Steve Whitman of Clintonville, vice president of the Central Ohio Saturn Car Club. Penske walked away from the deal after being unable to find a manufacturer to make Saturns after a contract with GM runs out in 2011. There's been no word on another buyer emerging.
Retailers Quietly Mark the End of an Era
Don Hammonds from the Pittsburgh Post-Gazette: When Rikki Kirchner of Santa Clarita, California, heard that Saturn was going out of business, she marched out to her Saturn Astra and ripped the General Motors emblems right off the car. "I know a guy who did that too. Heck, Saturn's an orphan right now, and it's a sad day," she said.
Wind-Down Terms Anger Saturn Retailers
Lindsay Chappell from Automotive News: Saturn dealers woke up last Thursday morning to the grim reality that their brand was dead, Roger Penske was not going to save them and General Motors Co. planned to compensate them with between $100,000 and $1 million per store to close by next October. Once known as the most satisfied retail network in the industry, Saturn dealers fumed.
Don Hudler: "I Didn’t Expect to Finish this Way"
Peter Brown from Automotive News: At 75, Saturn megadealer Don Hudler figures he's going to stick with the brand till the fat lady sings. "We're diehards. We'll probably go to the bitter end," Hudler, the former chairman of Saturn Corp., said last week after the shocking news that Roger Penske's deal to buy the Saturn brand had collapsed.
Retailers, Owners Shocked Over End of Saturn
Steve Manning from the Associated Press via MSNBC: Charlie Eickmeyer says he was a fan of Saturn vehicles years before he was able to drive. Today he's in shock. "It seemed like the deal was going through," said Eickmeyer, 34, who started following Saturn when he was 10 years old and now runs a Web site for enthusiasts of the brand.
$250 Million Grant Could Save Saturn, 13000 Jobs
A $250 million grant from the American Recovery and Reinvestment Act (ARRA), could easily resolve the late breaking issues that prompted the unexpected, last minute collapse of the proposed Penske Automotive Group (PAG) purchase of Saturn, according to Todd Ingersoll, Saturn's Retailer Council member.




