GM will close Saturn and wind down its dealership network after a proposed deal to sell the brand to Penske Automotive Group collapsed. |
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US: GM to start Saturn wind-down after deal fails - Article (2nd October 2009) General Motors will now "move quickly" to wind down the Saturn brand after a proposed deal to sell the brand to dealer chain owner Penske Automotive Group fell through earlier this week. Saturn - Blog (1st October 2009) You can see how it may have appeared to the board at Renault when the Saturn proposal was delved into. Help to set up a rival to Nissan? There would also be costs associated with differentiati... US: Saturn sale could close Wednesday - paper - Article (29th September 2009) Detroit-based businessman and national dealer chain owner Roger Penske is expected to close a deal to buy General Motors' Saturn division tomorrow (30 September), a local paper reported, adding that an official announcement could be made on Thursday. US: September set for Saturn sale - Article (30th July 2009) Roger Penske, founder and head of the second largest US dealer group, hopes to close his bid to buy Saturn from General Motors by the end of September but has not yet found a replacement source of new vehicles. ANALYSIS: Has GM got it wrong on Saturn? - Article (25th February 2009) A Saturn MBO could backfire badly on GM. Mark 'Coolbear' Bursa wonders whether a more radical approach might be needed as the General seeks to avoid Chapter 11. |
