Saturn Closing

Roger Penske Talks about Failed Saturn Deal

Penske Logo

Below a partial transcript detailing comments made by Roger Penske pertaining to his failed acquisition of the Saturn brand during the Penske Automotive Group's (PAG) third quarter 2009 earnings call held this past Friday, October 30th.

Saturn Deal Didn’t Meet Renault’s Return Requirement

Sharon Terlep from the Dow Jones Newswires: Auto magnate Roger Penske believed he was taking over General Motors' Saturn brand until the very last moments, when France's Renault shocked both Penske and GM by backing out of an agreement to provide vehicles. Penske addressed the failed deal Friday as he announced Penske Automotive Group's quarterly financial results.

Report: Jill Lajdziak to Retire from GM by End of Year, GM’s Steve Hill to Lead Shutdown of Brand

Jill Lajdziak at 2006 Saturn Brand Advocate Meeting

Jamie Lareau from Automotive News: Jill Lajdziak, who joined Saturn before its first car was sold and led the division through its demise last month, will retire from General Motors at the end of the year. Lajdziak, 52, will take vacation time until then, said spokesman John McDonald. In the interim, GM's Steve Hill, will coordinate the wind-down of the Saturn brand.

A Wealth of Lessons from Saturn Failure

From Knowledge@Wharton: General Motors' decision earlier this month to scrap its Saturn brand triggered frequent retellings of the many ways in which GM missed an opportunity to recast itself and the auto industry. But other manufacturers did adopt some of Saturn's innovations, according to Wharton faculty. Indeed, they say, the Saturn story provides a roadmap for what to do - and what not to do - as the auto industry adjusts to the post-financial crisis world.

Searching for an Original 1991 Saturn Owner

A television station in Ohio is working on a news segment about Saturn, and they are looking for an owner of any 1991 Saturn who lives in the area between the Cleveland, Ohio and Pittsburgh, Pennsylvania area. Ideally, the person they'd like to talk to is someone who is the original owner and still uses the car.

Saturn Owners: Remember to Smile and Wave

Permit me to steal a line from the famous penguins of the movie Madagascar for a moment. I will already take to heart that some may understand what I am about to say, some may not, and some may totally misconstrue it. This is for those who do get it and did get it all along.

SaturnFest 2009 Postponed

SaturnFest 2009

Today was supposed to be the first day of SaturnFans.com's week-long SaturnFest celebration. Just like in the past, it was going to be a happy time, with this year's virtual gathering of owners from around the world (I've received e-mails from as far away as Taiwan) cheering Roger Penske's acquistion of Saturn. But, alas, with GM's decision to suddenly begin the process of shutdowning the brand at the end of September, preparation for the online festival screeched to a halt as news of the impending closure dominated this site's front page.

SaturnFans.com Back Online After Record Traffic Crashes Server (Again)

For the second time this month, SaturnFans.com has been knocked offline due to the surge of Saturn owners and enthusiasts flocking to the Web to read more about GM's decision to shutdown the Saturn brand. This time damage was much more extensive. While the primary site database has been reconstructed, there is still some work that needs to be done.

It Could Be Time to Buy a Saturn

Saturn Aura XR at the Beach

Jessica Anderson from Kiplinger's Personal Finance: If you're in the market for a new car, GM's loss could be your gain. Saturn's dealers have until the end of October 2010 to close, now that a deal has fallen through to sell the car line to the Penske Automotive Group. But many showrooms could close by January because inventory is low. That means the sooner you shop, the better your choices.

Opinion: Fiat Should Have Teamed with Saturn Instead of Chrysler

David Booth from the Fast Lane via MSN Autos: I also suspect that in my perfect world that Fiat would not have bought Chrysler. Come to think of it, after visiting Chrysler's research and development facilities recently, methinks that in Fiat CEO Sergio Marchionne's perfect world, he too would not have bought Chrysler.

Random Article from the SaturnFans.com Archives

PreVue Concept Showcases New Saturn Design Direction

The Saturn PreVue crossover concept – revealed at the New York International Auto Show – continues Saturn's ongoing product revitalization and provides a glimpse of future Saturn vehicle designs.