Free Republic
Browse · Search
News/Activism
Topics · Post Article

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 1-2021-4041-50 next last
"The foreman says these jobs are going boys and they ain't coming back."
1 posted on 09/30/2009 2:06:49 PM PDT by Kartographer
[ Post Reply | Private Reply | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

Put Costanza on it.


5 posted on 09/30/2009 2:14:11 PM PDT by kromike
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

Penske’s a sharp guy.


6 posted on 09/30/2009 2:14:16 PM PDT by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: al_c

Cool?

They’ve been rebadging Chevy Cobalts and GM minivans.

That’s cool?


8 posted on 09/30/2009 2:16:11 PM PDT by Responsibility2nd (I am Legend)
[ Post Reply | Private Reply | To 3 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 5 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

To: kromike

12 posted on 09/30/2009 2:27:42 PM PDT by seanmerc
[ Post Reply | Private Reply | To 5 | View Replies]

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)
[ Post Reply | Private Reply | To 8 | View Replies]

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.)
[ Post Reply | Private Reply | To 13 | View Replies]

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.)
[ Post Reply | Private Reply | To 4 | View Replies]

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.)
[ Post Reply | Private Reply | To 13 | View Replies]

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.


17 posted on 09/30/2009 2:35:03 PM PDT by Responsibility2nd (I am Legend)
[ Post Reply | Private Reply | To 14 | View Replies]

To: MeneMeneTekelUpharsin

Does it matter? GM contributes yet another case study to the syllabus for Big Time Business Failure 101. Sheesh.


18 posted on 09/30/2009 2:36:39 PM PDT by Wally_Kalbacken
[ Post Reply | Private Reply | To 14 | View Replies]

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!)
[ Post Reply | Private Reply | To 13 | View Replies]

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)
[ Post Reply | Private Reply | To 17 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-50 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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson