General Motors announced at Tuesdays press conference the closure of Saturn. Unfortunately in its 20-year history, the Saturn brand has never been profitable for GM. All Saturn dealerships will close by 2011 and no new models will be introduced.
Meanwhile, Pontiac will be phased out as a distinct division but certain “niche” models will still carry the Pontiac name and will be sold at Chevrolet dealerships. This announcement came as part of GM’s viability plan being submitted to the U.S. Congress and President Obama today. Additionally there is the planned sale of Hummer and a potential spin-off of Saab.
Tags: Closure, GM, HUMMER, Saab, Saturn
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