Penske to buy Saturn from GM - Blu-ray Forum

jw · 06-08-2009, 08:50 AM

Interesting....

Quote:

NEW YORK (AP) -- General Motors Corp. strikes a tentative deal to
sell its Saturn brand to former race car driver and auto dealer Roger Penske.
Penske, who owns the Penske Automotive Group dealership chain,
told reporters on Friday that he plans to offer all 350 Saturn dealerships new franchise agreements. He says Saturn's 13,000 employees will stay on with the company for at least the immediate future.
if He declined to name the price for the deal.
Penske says GM will continue to produce Saturn vehicles, though
he is in discussions with manufacturers worldwide about building the vehicles going forward

Link

I guess the end isnt near for Saturn after all

proxpilot · 06-08-2009, 12:15 PM

good news!

fatediesel · 06-08-2009, 12:43 PM

This is good news and hopefully Penske can restore Saturn's original philosophy towards good customer service. I have a friend whose dad just built a new Saturn dealership last year and I know he was worried that he had wasted his money once GM went into bankruptcy. It's nice to see jobs won't be lost and an American buyer was found.

mikejet · 06-08-2009, 01:37 PM

Saturn as a brand has been pretty successful compared to the rest of GM right?

Josh · 06-08-2009, 02:00 PM

Quote:

Originally Posted by mikejet

Saturn as a brand has been pretty successful compared to the rest of GM right?

Two years ago it outsold Buick + Pontiac (GM is keeping Buick, making Pontiac a specialty brand). Its slipped a bit since then.

jkwest · 06-08-2009, 03:03 PM

I worked for Saturn for a short span of my life...they were very reliable cars, just, had a very crappy resale value.

LynxFX · 06-08-2009, 06:05 PM

They are dropping their best car though, the Sky. So long little Kappa.

SellmeyourDVD · 06-09-2009, 03:21 AM

If only Saturn had a plug in hybrid....

Maybe Penske will do something like that. My dad has had 2 Saturns and I own one. They really are amazing cars. Glad to know thye will stay around a while longer

Hammie · 06-09-2009, 06:24 PM

I would never buy a Saturn. They offended me by only offering $50 for my trade-in vehicle.

I'm sure they are decent cars, but I'm happy with my Hondas.

CaptainYoda · 06-09-2009, 10:26 PM

My Saturn is still kicking and it turns 16 years old in September. Glad to see the company will still be around too.

proxpilot · 06-10-2009, 12:58 AM

Quote:

Originally Posted by louhamilton

I would never buy a Saturn. They offended me by only offering $50 for my trade-in vehicle.

I'm sure they are decent cars, but I'm happy with my Hondas.

That has nothing to do with Saturn itself

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06-08-2009, 12:15 PM	#2
proxpilot Special Member Member since:Jan 2009 Location:High Point, North Carolina Home Theater Gallery:2 Blu-ray collection:108 Trading Score:1	good news!

06-08-2009, 12:43 PM	#3
fatediesel Blu-ray Count Member since:Nov 2007 Location:Iowa Blu-ray collection:410 Trading Score:47	This is good news and hopefully Penske can restore Saturn's original philosophy towards good customer service. I have a friend whose dad just built a new Saturn dealership last year and I know he was worried that he had wasted his money once GM went into bankruptcy. It's nice to see jobs won't be lost and an American buyer was found.

06-08-2009, 01:37 PM	#4
mikejet Banned Member since:Sep 2008 Location:Los Angeles, CA Blu-ray reviews:5 Trading Score:29	Saturn as a brand has been pretty successful compared to the rest of GM right?

06-08-2009, 03:03 PM	#6
jkwest Off-Topic King Member since:Jul 2007 Location:Northern California PSN Id: jkwest5 Blu-ray reviews:1 Trading Score:20	I worked for Saturn for a short span of my life...they were very reliable cars, just, had a very crappy resale value.

06-08-2009, 06:05 PM	#7
LynxFX Blu-ray Samurai Member since:Jul 2007	They are dropping their best car though, the Sky. So long little Kappa.

06-09-2009, 03:21 AM	#8
SellmeyourDVD Blu-ray Guru Member since:Apr 2008 Blu-ray collection:125 Trading Score:11	If only Saturn had a plug in hybrid.... Maybe Penske will do something like that. My dad has had 2 Saturns and I own one. They really are amazing cars. Glad to know thye will stay around a while longer

06-09-2009, 06:24 PM	#9
Hammie Blu-ray Champion Top ranked HT gallery Top contributor Member since:May 2008 Location:Washington, DC Metro Home Theater Gallery:53 Blu-ray collection:545 DVD collection:12 Trading Score:12	I would never buy a Saturn. They offended me by only offering $50 for my trade-in vehicle. I'm sure they are decent cars, but I'm happy with my Hondas.

06-09-2009, 10:26 PM	#10
CaptainYoda Power Member Member since:Feb 2009 Location:Temescal Valley, CA 4K collection:49 Blu-ray collection:371	My Saturn is still kicking and it turns 16 years old in September. Glad to see the company will still be around too.

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