Skip to comments.
Penske drop bid for Saturn, GM to end brand
Reuters ^
| 9/30/09
Posted on 09/30/2009 2:06:49 PM PDT by Kartographer
Penske Automotive Group (PAG.N) said on Wednesday it has terminated discussions with General Motors Co GM.UL to acquire the automaker's Saturn brand.
GM said in a separate statement it would wind down the Saturn brand and its dealership network.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Culture/Society; US: Michigan; US: Tennessee
KEYWORDS: automakers; generalmotors; jobs; penske; saturn; theend; unemployment
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-50 next last
"The foreman says these jobs are going boys and they ain't coming back."
To: Kartographer
I will guess that Government Motors tried to extort more from Penske than Saturn was worth....
hh
2
posted on
09/30/2009 2:10:29 PM PDT
by
hoosier hick
(Note to RINOs: We need a choice, not an echo....Barry Goldwater)
To: Kartographer
That’s too bad. Just when Saturn was getting cool.
Oh, well.
3
posted on
09/30/2009 2:10:40 PM PDT
by
al_c
(http://www.blowoutcongress.com)
To: Kartographer
That sucks. I’ve been a loyal Saturn driver since 1999.
4
posted on
09/30/2009 2:13:34 PM PDT
by
Xenalyte
(Don't threaten me with a good time.)
To: Kartographer
5
posted on
09/30/2009 2:14:11 PM PDT
by
kromike
To: Kartographer
6
posted on
09/30/2009 2:14:16 PM PDT
by
Cicero
(Marcus Tullius)
To: Kartographer
Eliminating the competitors. . . IMHO
7
posted on
09/30/2009 2:15:21 PM PDT
by
RatRipper
(I'll ride a turtle to work every day before I buy anything from Government Motors.)
To: al_c
Cool?
They’ve been rebadging Chevy Cobalts and GM minivans.
That’s cool?
To: Kartographer
Shame but it’s got to go if we are too be a non-auto producing country, soon we can be like just Kenya.
9
posted on
09/30/2009 2:18:45 PM PDT
by
Cheetahcat
(Zero the Wright kind of Racist! We are in a state of War with Democrats)
To: kromike
he’s not Penske material...
10
posted on
09/30/2009 2:21:46 PM PDT
by
zwerni
(this isn't gonna be good for business)
To: Kartographer
I guess I’m going to assume, since GM is ran by the unions now, that the sale was contingent on the labor agreement, and the attending lack of any kind of profitability, coming along with the factory. After all, why set up a competitor that automatically has an advantage?
11
posted on
09/30/2009 2:24:12 PM PDT
by
SoDak
(bitter clinger)
To: kromike
12
posted on
09/30/2009 2:27:42 PM PDT
by
seanmerc
To: Responsibility2nd
Cool? They’ve been rebadging Chevy Cobalts and GM minivans.
That’s cool?
Cool.
13
posted on
09/30/2009 2:29:50 PM PDT
by
al_c
(http://www.blowoutcongress.com)
To: al_c
What model of Saturn is that?
14
posted on
09/30/2009 2:30:43 PM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: Xenalyte
My wife, too. She's had her Sc2 since 2001 and was just thinking seriously about buying a Vue. I personally wanted her to get a SKY Redline. Just DAMN.
15
posted on
09/30/2009 2:32:48 PM PDT
by
ExSoldier
(Democracy is 2 wolves and a lamb voting on dinner. Liberty is a well armed lamb contesting the vote.)
To: al_c
I don’t care for GM in general, but that is a nice convertible.
16
posted on
09/30/2009 2:34:28 PM PDT
by
ConservativeMind
(Liberals have an inability to value good character or to desire it for themselves.)
To: MeneMeneTekelUpharsin; al_c
What model of Saturn is that?
_____________________________
It’s a Sky. Pontiac made the same version: Solstice.
Truth is... They don’t even compare to the lowly Mazda Miata which outperforms them and costs less.
To: MeneMeneTekelUpharsin
Does it matter? GM contributes yet another case study to the syllabus for Big Time Business Failure 101. Sheesh.
To: al_c
That’s a rebadged Pontiac Solstice. They going away, too. Say goodbye.
19
posted on
09/30/2009 2:36:59 PM PDT
by
CholeraJoe
(Member of AARP - Armed And Really Pi$$ED!)
To: Responsibility2nd
Yeah, but you can pass as a straight man in those cars, not the miata. ; p
20
posted on
09/30/2009 2:37:32 PM PDT
by
Rick_Michael
(Have no fear "President Government" is here)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-50 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
