Tag Archives: Ford

Saturn Will “Wind Down”

Forbes
General Motors said Wednesday it would wind down its Saturn brand after Penske Automotive Group abruptly called off negotiations to buy the unit.

Penske pulled the plug because it couldn’t secure future products for Saturn showrooms beyond 2011, when GM is scheduled to stop producing Saturns.

Although it had negotiated a supply agreement with another manufacturer, the deal was rejected by that manufacturer’s board of directors, Penske said in a statement. “Without that agreement, the company has determined that the risks and uncertainties related to the availability of future products prohibit the company from moving forward with this transaction.”

Makes sense I mean Mike T. is the only person to ever own a Saturn.