Saturn Closing

Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

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Penske Automotive Group today announced that it has terminated its discussions with General Motors to acquire the Saturn brand, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM.

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De Lorenzo: Its up to you Mr. President

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Peter M. De Lorenzo from the AutoExtremist.com: The U.S. Senate late last night voted against passage of a bill to give an emergency bridge loan to the Detroit automakers – specifically GM and Chrysler – paving the way for the eventual collapse of the domestic automobile industry and sending this country's already teetering financial situation to the brink of disaster.