It seems that Saturn’s days are numbered — Recent reports have let us know that Penske Automotive group has backed out of a deal with GM that would have effectively purchased the entire Saturn brand.
The reason for the backing out is because Penske fears they will not be able to provide the Saturn dealerships with inventory after GM stops supplying them with vehicles at the end of 2010. The deal said that they would have to find their own manufacturers to produce vehicles for the dealerships, something Penske doesn’t think they will be able to do.
So, in lieu of this deal falling through, GM has said they will be phasing out Saturn, closing all dealerships and directing current Saturn owners to other GM dealers for service. Goodbye Saturn, you shall be missed.
via autoblog
Tags: brand, buyout, GM, penske, Saturn
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