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Wednesday, September 30, 2009
5:24 PM TweetThis
  • With the breakdown in talks with Penske Automotive Group (PAG) over acquiring Saturn, GM says it will wind down the brand and its 350-dealership network. The Penske deal would have saved more than 13,000 Saturn jobs.
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This news story has 11 comments:

  •  
    This is good for Penske, and yet its stock goes down?
    Sep 30 05:27 PM | Link | Reply
  •  
    so the guy that does saturn commercial telling everyone they are wrong - is he out of a job
    Sep 30 07:16 PM | Link | Reply
  •  
    That is bad news. I thought Penske could have at least designed quality cars to keep that part of the US auto industry going. Probably does not help when you have to negotiate with the government & more jobs are gone as a result.
    Sep 30 07:43 PM | Link | Reply
  •  
    13,000 more lagging indicators.

    Buy stocks.
    Sep 30 07:54 PM | Link | Reply
  •  
    Quietly a household name, 350 dealerships and 13,000 jobs disappear. Where's the state run media?
    Sep 30 08:04 PM | Link | Reply
  •  
    Too bad. Saturns were good, basic cars. Mine has about 150K miles on it and yet it still runs very well. I know some Saturn owners who have put 300K on their SL models.
    Sep 30 08:36 PM | Link | Reply
  •  
    lol...lmfao

    mark. you are funny.


    On Sep 30 07:54 PM TraderMark wrote:

    > 13,000 more lagging indicators.
    >
    > Buy stocks.
    Sep 30 09:15 PM | Link | Reply
  •  
    Its so true...
    Wow, glad I didn't buy a Saturn with Cash for Clunkers

    On Sep 30 07:54 PM TraderMark wrote:

    > 13,000 more lagging indicators.
    >
    > Buy stocks.
    Sep 30 09:37 PM | Link | Reply
  •  
    I'll bet that autoworker hating Rick Newman will have an article soon about why this is so great!
    Sep 30 10:25 PM | Link | Reply
  •  
    That's gonna cost GM a bundle. Why didn't they just give it to the dealers and employees and be done with it?
    Oct 01 03:48 AM | Link | Reply
  •  
    FU Capitalists would rather destroy something rather than give it away.


    On Oct 01 03:48 AM Sargon wrote:

    > That's gonna cost GM a bundle. Why didn't they just give it to the
    > dealers and employees and be done with it?
    Oct 01 04:22 AM | Link | Reply
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