Source: GM to sell Saturn brand to Ro...

Source: GM to sell Saturn brand to Roger Penske

There are 28 comments on the TwinCities.com story from Jun 5, 2009, titled Source: GM to sell Saturn brand to Roger Penske. In it, TwinCities.com reports that:

A person briefed on the deal said General Motors Corp. will sell its Saturn brand to former race car driver and dealership chain owner Roger Penske.

Join the discussion below, or Read more at TwinCities.com.

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Carbon Bigfoot

Lakeville, MN

#1 Jun 5, 2009
I predict that Roger Penske will do better with Saturn that BO's hand-picked 31-year-old-with-no-business-e xperience kid will do with GM.
collectivist drone

Bowling Green, KY

#2 Jun 5, 2009
He'll need to find a lower cost supplier rather than continuing to have gm manufacture the cars to be successful.
Gachevsky

Princeton, MN

#3 Jun 5, 2009
At least they are keeping this one in the States.
mario

Eden Prairie, MN

#4 Jun 5, 2009
All the new saturns will be screaming yellow and be able to only make left turns!
Pragmatist

Burnsville, MN

#5 Jun 5, 2009
mario wrote:
All the new saturns will be screaming yellow and be able to only make left turns!
Saturn with a Nascar entry..........
Whatever

Olathe, KS

#6 Jun 5, 2009
You knew this was coming with the UAW owning so much of GM. Saturn had a different kind of contract with the union, requiring the union to communicate and negotiate amicably with the company, rather than laying out their demands and strongarming the company into accepting them.

Saturn is one of the best car companies out there. They understand the concept of service after the sale. And as someone who works on my own vehicle, I can tell you they are fairly easy to work on. I hope they flourish and become a major contender in the market.
TED

Saint Paul, MN

#7 Jun 5, 2009
Pragmatist wrote:
<quoted text>Saturn with a Nascar entry..........
If you know anything about Penske, he got his start in sports car racing which run on road courses and make both right and left turns, not only left turns like the NASCAR hillbillies.
Pragmatist

Burnsville, MN

#8 Jun 5, 2009
TED wrote:
<quoted text>
If you know anything about Penske, he got his start in sports car racing which run on road courses and make both right and left turns, not only left turns like the NASCAR hillbillies.
So your claim is that Penske never funded a NASCAR entry? I remember formula 1 for Penske as well. I don't believe I ever said anything about all left turns, re-read the posts.

Since: Mar 07

AOL

#9 Jun 5, 2009
Whatever wrote:
You knew this was coming with the UAW owning so much of GM. Saturn had a different kind of contract with the union, requiring the union to communicate and negotiate amicably with the company, rather than laying out their demands and strongarming the company into accepting them.
Saturn is one of the best car companies out there. They understand the concept of service after the sale. And as someone who works on my own vehicle, I can tell you they are fairly easy to work on. I hope they flourish and become a major contender in the market.
Saturn aura is made in Kansas city Kanasas right alongside the malibu and the buick lacrosse. They are made on the same frame (Epsilon). It is a GM plant.

Since: Mar 07

AOL

#10 Jun 5, 2009
Saturn Vue is made in Mexcio

Since: Mar 07

AOL

#11 Jun 5, 2009
Saturn Sky, Pontiac Solstice, and Opel GT (Kappa automobile platform) are made in Wilmington, Delaware

Since: Mar 07

AOL

#12 Jun 5, 2009
Saturn Outlook, Buik Enclave, GMC Acadia are all made in Delta Township, Michigan. They are built on the GM Lambda platform.
Fred

Saint Paul, MN

#13 Jun 5, 2009
How will all the duplicate models be separated from the GM plants producing same?

Will be interesting to see how this flushes out.

Since: Mar 07

AOL

#14 Jun 5, 2009
They'll have to buy the platform from GM motor trans. etc. The stamping equipment will be unique. So it can be moved. over 90 per cent of GM cars are made by outside sources so thats not a problem.
Peter

Houston, TX

#15 Jun 5, 2009
Iowa city lear wrote:
They'll have to buy the platform from GM motor trans. etc. The stamping equipment will be unique. So it can be moved. over 90 per cent of GM cars are made by outside sources so thats not a problem.
But the trouble starts with the next platforms. And that'll come soon. There's just no way that a car company selling 75,000 units with 5 models can survive in the mid-range of prices. It won't be even close to possible to spend the development money needed for future models with so little revenues. No way. Saturn is doomed.
Fred

Long Lake, MN

#16 Jun 5, 2009
Maybe they are counting on greatly reducing costs across the board.

A challenge for sure, the market is so full of cars from all over, Korea models seem to impress people for some reason, maybe price/warrantee.

==========
Peter wrote:
<quoted text>
But the trouble starts with the next platforms. And that'll come soon. There's just no way that a car company selling 75,000 units with 5 models can survive in the mid-range of prices. It won't be even close to possible to spend the development money needed for future models with so little revenues. No way. Saturn is doomed.
Peter

Houston, TX

#17 Jun 5, 2009
Fred wrote:
Maybe they are counting on greatly reducing costs across the board.
A challenge for sure, the market is so full of cars from all over, Korea models seem to impress people for some reason, maybe price/warrantee.
==========
<quoted text>
Not possible. As is, Saturn cars are inextricably linked to other GM cars. But even leveraging the already spent development money on other GM products, Saturn still didn't make sense pushing out clones. But as ties to GM are severed, it fails. Just do the math. Car platforms can cost well over a billion dollars to develop. Spread that over so few units and it doesn't work. They can't possibly have enough room to reduce costs as would be needed to overcome the huge volume disadvantage. The industry is too competitive. There just isn't that sort of opportunity that hasn't already been thought of by other car companies and Saturn itself. It's sad, but they're finished.
Insert Name Here

Saint Joseph, MN

#18 Jun 5, 2009
Peter wrote:
<quoted text>
But the trouble starts with the next platforms. And that'll come soon. There's just no way that a car company selling 75,000 units with 5 models can survive in the mid-range of prices. It won't be even close to possible to spend the development money needed for future models with so little revenues. No way. Saturn is doomed.
No problem. Then the new Saturn can ask for a bailout. Get billions of your money..then declare bankruptcy...then get the government to take them over! President goodwrench to the rescue!
laid off penske employee

Somerset, PA

#19 Jun 5, 2009
Iowa city lear wrote:
Saturn Sky, Pontiac Solstice, and Opel GT (Kappa automobile platform) are made in Wilmington, Delaware
That plant is scheduled to be closed in July.

Since: Mar 07

AOL

#20 Jun 5, 2009
laid off penske employee wrote:
<quoted text>That plant is scheduled to be closed in July.
with a saturn and a pontiac i figured that was so.

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