Saturn Closing

Could Penske Still Buy Saturn?

Penske Logo

Bryan Lavoilette from Michigan Live: Don't be surprised if General Motors' deal with Penske Automotive is back on within the next week or two. Penske backed out of its plans with GM to buy the ringed-planet brand when the automaker which was going to build its cars nixed the deal.

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.

Saturn Experiment Yielded 25 Years of Innovation

1991 Saturn SC

Lindsay Chappell from Automotive News: As far as auto industry grand experiments go, Saturn lived a long life. From the time GM Chairman Roger Smith incorporated Saturn Corporation in 1985 until October 2010, when GM officially will bury the brand, it will be 25 years.

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