Thursday, October 15, 2009

Saturn's Sad Story Nears an End

After talks to sell the auto brand to Roger Penske collapse, GM says Saturn will go the way of Pontiac and Oldsmobile.

The long, sad saga of Saturn is finally over. The once-hot General Motors division that began with a bang 19 years ago is now headed into oblivion after a deal to sell it to retailer Penske Automotive Group (PAG) fell apart on Sept. 30. The chain of auto dealerships released a statement saying it couldn't find a source to manufacture new car models after 2011, when GM was scheduled to cease production of the existing Saturn models.


http://www.businessweek.com/bwdaily/dnflash/content/sep2009/db20090930_351404.htm?chan=autos_autos+--+lifestyle+subindex+page_top+stories

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