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Retailers Say Penske Close to Buying Saturn

Roger Penske

Robert Snell from the Detroit News: Saturn dealers nationwide have received new sales and service agreements from Roger Penske, a sign the auto icon is close to finalizing a deal for the castoff General Motors brand. The two-year agreements, which are subject to completion of a deal for Saturn, were sent to about 340 U.S. dealers, who had until September 11th to sign and return them. The agreements have one-year automatic renewals if dealers meet certain conditions.

Commentary: Will Penske Take Saturn to NASCAR?

NASCAR Logo

From the blogs at NASCAR.com: Penske [is in the process of buying] the Saturn brand from General Motors. I think it is admirable that Roger did that not only because it was a good business decision on his part, but it saves U.S. jobs!

Saturn Deal Still Expected to Close this Month

Kenneth Klee from the Deal Magazine: Deal by deal, the auto industry is being reinvented. Though it's obvious when you think about it, it's still head-spinning when you try to bring the scope of the activity into focus. Here is a vast swath of the global economy in the midst of an urgently needed re-engineering.

GM Won’t Save Saturn if Penske Deal Falls Through

GM Logo

Rick Haglund from Michigan Live: As part of his effort to communicate directly with consumers, General Motors Chief Executive Fritz Henderson took questions from the public on Detroit's Fox 2 and simultaneously in an online Web chat. Several questioners said they were unhappy with GM's decision to shed Saturn. GM has tentative agreements to sell Hummer, Saab and Saturn, although none of those deals have closed. One person asked if GM would keep Saturn if the deal to sell it to auto entrepreneur Roger Penske were to fall through.

London Retailer Decides to Go it Alone, Believes Saturn Will Return to Canada Someday

Kelly Pedro from Canada's London Free Press: Saturn's future in Canada may be uncertain, but it's business as usual at the Saturn Saab Isuzu of London dealership. Penske Automotive Group bought the Saturn brand from General Motors and has decided not to sell the vehicles in Canada. GM is building the Vue, Aura and Outlook for Penske until 2011 - all mid-sized or sport-utility vehicles.

Lack of a Profitable Small Car Hurt Saturn in Canada

Michael Bettencourt from Globe and Mail: The Saturn brand's lack of a profitable small car and its pairing with another ailing brand in Saab in Canada helped prompt the decision to close all Canadian Saturn and Saab outlets in the next few months, according to the company that will keep the brand alive in the U.S.

Canadian Saturn Retail Facilities Told They Must Close by End of Year

Murray McNeill from the Winnipeg Free Press: Manitoba's only Saturn dealership will disappear by the end of the year as the restructuring of the North American auto sector continues. Birchwood Automotive Group president Steve Chipman said Wednesday that General Motors notified Birchwood's Saturn Saab of Pointe West dealership earlier this week that all 46 Canadian Saturn dealerships will cease operations on or before December 31.

With "Golden Touch" Saturn Can Survive on Its Own

Don Hammonds from Pittsburgh Post-Gazette: Saturn's purchase by Mr. Penske may be its best asset. "The Penske organization owning the distribution and name is a major, major plus. He has a golden touch with anything he's connected with," Detroit-based independent auto analyst Tom Libby said.

Former Saturn Owner Struck by "Unresponsive" and "Inattentive" Treatment from Toyota Dealer

Reader "Capitol Hill" posed the following question to Warren Brown, the Washington Post Cars columnist: I've owned three Saturns. However, now that my L300 has died, I have decided to buy a Prius. I love the car and am happy to buy one. However, after my experience with Saturn, I was struck by how unresponsive and inattentive the Toyota dealer was. I had a similar experience 17 years ago, which is what drove me to Saturn. The only reason I stuck with Toyota this time is I really wanted the Prius. Not sure I would do it again when I buy my next car. Is this a common experience?

Cancelled Vue 2-Mode Hybrid Rated at 28 MPG

2009 Vue 2 Mode Green Line Hybrid

Sam Abuelsamid from AutoBlog: The 2-Mode Hybrid version of the Saturn Vue had initially been scheduled to go into production in November of 2008. However, as General Motors careened toward financial apocalypse, many product programs were put on hold or canceled altogether. Among those was the new hybrid Vue, which was delayed at least twice before finally being terminated altogether in late spring.

Random Article from the SaturnFans.com Archives

Astra Likely to Get Turbocharged Powerplant

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Automotive News says that General Motors will begin to offer cars with smaller, turbocharged engines to help combat rising gas prices, fuel economy concerns, and upcoming Government mandates.